Brussels, 24 May 2016 – Vendis Capital Management, a leading European private equity investor specialized in the consumer sector, is pleased to announce that it has closed the fundraising for its second fund, Vendis Capital II, with aggregate commitments reaching the fund’s hardcap of €180m, ahead of its original €150m target.
Vendis II has been able to attract a significant number of reputable new investors, including institutional investors, family offices and consumer sector entrepreneurs. We are also excited that a large majority of the investors in the first fund have committed again to Vendis II.
The new fund deployed already 20% of its capital earlier this year through investments in Petrol Industries, a denim-inspired Dutch fashion brand for men and kids, and ferm LIVING, a Nordic brand of design accessories and furniture. A third investment is likely to be announced very soon.
Building on the success of Vendis I, Vendis II pursues its strategy to focus on consumer brand companies and is widening its scope in size of investments as well as in geographic span: the invested amount now ranges from €5m to €40m per transaction, in companies with sales ranging from €10m to €120m; and besides Vendis’ historical markets where the team is present through local offices (Belgium, the Netherlands and France), Vendis now also looks to invest in Germany and Scandinavia.