Vendis secures strong first closing for its Fund II
Brussels, 31 January 2015 – Vendis Capital Management, a leading European private equity investor specialized in the consumer small and mid-market, is pleased to announce that it has secured aggregate commitments in excess of €125 million for its second fund, Vendis Capital II.
Besides commitments from investors in Vendis’ first fund (including EIF, the European Investment Fund, and Korys, the Colruyt family office), the Vendis team welcomes Morgan Stanley AIP as new investor in the fund. The first close puts Vendis Capital II in a strong position to reach its €150 million target. The team might decide to take the fund size beyond that amount.
Consistent with the team’s operating experience and the firm’s overall investment strategy, the new fund will continue to focus its efforts on partnering with small to mid-market differentiated consumer companies in attractive sub-segments of the market, as it has done since its founding in 2009. Vendis Capital II will invest between €5m and €25m per transaction in companies with sales ranging from €10m to €100m. Vendis Capital I, a €110 million 2009 vintage fund, has been successfully deployed through 8 investments in the Benelux and France.