AXA Raises US$2.4B Buyout Fund

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.

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