21 Partners to hold a first closing above eur 200m for French mid-cap buyout fund

July 17, 2009 

21 Partners is pleased to announce the 1st closing of its fourth French Private Equity Fund, 21 Centrale Partners IV, with total commitments in excess of EUR 200 million.

21 Centrale Partners IV attracted existing investors as well as new international investors, including Fund of Funds, Insurance Companies, Families, Banks, Pension Funds, etc. from France, Italy, Switzerland, Luxembourg, The Netherlands, United Kingdom, Finland, Denmark, United States and Japan.

In the current challenging market, this 1st closing reflects the recognition of 21 sustainable strategy being in accordance with market dynamics. Over the decade, 21 has built its reputation on realistic leverages and fundamental investment approach, privileging partnership relationship with management teams to grow businesses internationally.

21 Partners is positive on the progress of the Fund Raising to go on. The global demand today exceeds already EUR 300 million with additional investors confirmed for this fall and also many investors currently in final Due Diligence.

Gérard Pluvinet, Founding Managing Partner of 21 Partners, declared: “With 21 Centrale Partners IV, 21 Partners will continue to benefit from current market opportunities leveraging on its proprietary expertise of major group’s spin-off and family transmission which represented more than 50% of its investments over the past ten years.

ProductLife Group expands to India and Central Europe

After having acquired French-based AxPharma and US-based DS InPharmatics, PLG continues its dynamic development with this new build-up. It allows the group, acquired by 21 Invest France in 2019, to establish itself in India and strengthen its position in Central Europe, thus enhancing its value proposition with offshoring capacities.
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