21 Centrale Partners IV holds its final closing at eur 380 million

February 10, 2011

21 Partners is pleased to announce the closing of its fourth mid-market French Private Equity Fund, 21 Centrale Partners IV, with total commitments in excess of EUR 380 Million, thereby surpassing its predecessor.

21 Centrale Partners IV includes existing LPs as well as new institutions, and 75% of total commitments have been contributed by established international investors from the United Kingdom, The Netherlands, Switzerland, Italy, Luxembourg, Germany, Finland, Denmark, Norway, Austria, the Middle East, and Asia.

In a transitional private equity environment, this achievement reflects the recognition of the 21 competitive advantage and the relevance of the 21 business model, as market dynamics call for a return to fundamentals.

21 Centrale Partners has proven its ability to generate sustainable performance with a top quartile track record spanning over twenty years. The company has demonstrated its success in generating promising growth opportunities as shown by the first two investments completed by the Fund: Coyote, the leader in devices and services for live communication of road information, and Ethical Coffee Company, producer of biodegradable coffee capsules compatible with Nespresso machines.

Alessandro Benetton, Founding Managing Partner of 21 Partners commented: “Following the successful closing of our latest Italian Fund in 2008 at EUR 283 Million, this new achievement provides the Group with EUR 700 Million for investments to support the growth of industrial European mid-market companies”.

Gerard Pluvinet, Founding Managing Partner of 21 Partners commented: “We are proud of our achievement, which combined with our unique strategic approach to value creation, as well as the extensive international network provided by the 21 platform and the relationship with the Benetton sphere explain why an increasing number of LPs trust the 21 Model. We are now eager to benefit from the many attractive opportunities available to us and will continue building compelling growth stories alongside talented entrepreneurs.

21 Invest France completes its management transition

Announced in 2017, the new governance is now effective and François Barbier becomes CEO of 21 Invest France, succeeding Gérard Pluvinet who joins the Supervisory Board. Meanwhile, the team has signed four acquisitions for its new Fund, which now counts five investments in total.
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