Wednesday, 24 August 2016
Last updated 14 hours ago
Jun 5 2008 | 11:06am ET
AXA Private Equity has raised €1.6 billion (US$2.4 billion) for its mid-cap AXA LBO Fund IV, which will invest in buyouts in France, Germany and Italy.
The firm said the fund is focusing on companies with an enterprise value in the region of €100 million (US$154 million) to €2 billion (US$3 billion) and that it has already put 25% of the capital to work in three deals.
AXA PE was founded in 1996 and is an affiliate of insurance giant AXA Group.