Investindustrial raises €3.75bn

The London-based private equity firm closed its seventh buyout fund above its target.

Investindustrial held a final closing of Investindustrial Fund VII at €3.75 billion ($4.15 billion). The vehicle exceeded its €3 billion ($3.32 billion) target and surpassed capital raised by its predecessor, Investindustrial Fund VI, which closed in February 2016 at €2.04 billion ($2.26 billion).

Capital raised by Fund VII will be used to make buyout investments in companies throughout Western Europe within the industrial, consumer goods, business services and retail sectors. The fund received capital commitments from several institutional investors including Employees Retirement System of Texas, State of Wisconsin Investment Board, Florida Retirement System Trust Fund, Private Equity Holding AG and LIQID.

Founded in 1990, Investindustrial is an independent firm that focuses on middle-market companies throughout Southern Europe. Though based in London, the firm primarily targets investments in Spain and Italy.