21 Invest raises €230m

The European private equity group’s French arm closes fifth fund.

21 Invest France, the French investment arm of 21 Invest, has held a final close of 21 Centrale Partners V at €230 million. Despite raising significantly less than the €400 million originally targeted, the firm has designed an additional co-investment programme for its LPs with a minimum size of €70 million.

21 Partners invests in companies based in France, Italy, Switzerland and Poland, and aims to propel companies to their next stage of development through the acceleration of growth and increases in efficiency.

21 Centrale Partners IV was €150 million larger, closing at €380 million in February 2011.