Investment
Programmes
First Investment Programme Structure: Evergreen
Investment Period: 1992-1999
Equity Invested: €185 million
Number of Investments: 16 During the period 1990 to 1991, two investments were executed using external financing of €54 million and both of these deals have since been realised.
From 1992, investments were made through an “evergreen” company structure. €131 million was invested in 14 companies (all of which have been fully realised). Together with the two prior investments, these 16 investments comprise the First Investment Programme. Second Investment Programme Structure: Investindustrial II L.P.
Investment Period: 2000-2005
Equity Committed: €323 million
Number of Investments: 13 In 2000 the Second Investment Programme, Investindustrial II L.P., was launched with the first third-party fund targeting €275 million. This fund was oversubscribed with a final closing at €323 million, which was self capped by Investindustrial.
Thirteen investments in twelve companies have been completed, 7 of which completely realized. Third Investment Programme Structure: Investindustrial III L.P. and Build-Up L.P.
Investment Period: 2005-2008
Equity Committed: €600 million
Number of Investments: 10 In October 2005 Investindustrial closed its third Southern European buyout fund, Investindustrial III L.P. at a hard cap of €500 million, exceeding its original €440 million target. Investindustrial III has attracted a number of major new investors as well as strong support from existing relationships with more than €1 billion of interest. In September 2009, an additional €100 million was raised to make build-up investments to existing portfolio companies. Fourth Investment Programme Structure: Investindustrial IV L.P.
Investment Period: 2008-current
Equity Committed: €1.0 billion
Number of Investments: 8 In February 2008 Investindustrial closed its fourth southern European buyout fund, Investindustrial IV L.P. at the hard cap of € 1 billion, exceeding its original € 800 million target.