AXA Private Equity Closes €353M Small Cap Buyout Fund

Jul 10 2007 | 10:07am ET

AXA Private Equity has held a final close of its AXA Expansion Fund II, small-cap buyout fund, at €353 million (US$480.9 million).

The new fund focuses on medium-sized companies—those valued at less than €100 million (US$136.3 million)—seeking a financial partner to boost growth. It has already committed over 14% of its total assets to companies including Synerlab, a French designer of pharmaceutical products; Flex Group, a German-based manufacturer of highly-engineered hand-held power tools; and Welcome Real-time, an international developer of payment software.

“With our team of 12 French, German and Italian small-cap buyout professionals, AXA Private Equity has a particularly strong position allowing us to identify and seize the best investment opportunities in the euro zone,” said Dominique Gaillard, a member of AXA Private Equity’s management board.

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