Clessidra Private Equity SGR, a management company in the Italian private equity market, has closed of Clessidra Capital Partners 4 Fund, a closed-type alternative investment fund.
The placement reached about €270 million ($250 million) and has registered participation of subscribers from previous funds. The investors included Cassa Forense and Fondo Italiano d’Investimento ascornerstone investors.
Italmobiliare S.p.A. will be the sponsor of the fourth fund, with a commitment of €75 million euros to the first closing.
Clessidra Private Equity will focus investment activities in industrial goods and services, financial services, consumer products and retail, business services and healthcare.
Carlo Pesenti, chairman of Clessidra Private Equity, commented, “After the excellent results of Clessidra Capital Partners 3 fund, Clessidra Capital Partners 4 becomes the ideal tool for the selection of some of the successful medium-sized Italian companies, supporting their growth. In today’s scenario, there has been an evolution of risk perception by many entrepreneurs, which are now more prone to open the capital. Alternative finance and, particularly, private equity, can thus play an important and increasing role and Clessidra is ready to play this strategic role.”
Andrea Ottaviano, CEO of Clessidra Private Equity, said, “Following the recent announcement of the latest investment of Clessidra Capital Partners 3 fund, we are pleased to announce the first closing of Clessidra Capital Partners 4 fund. The launch of the new fund represents the closing of Clessidra PE’s path in the last year, which consisted in the strategic refocusing on the Italian mid-cap, the rationalization of governance and redesigning the investment team of the new fund. The five specific core industries on which the investment activities of the new fund will be focused, represent the sectors that in the past years continued to highlight interesting fundamentals for investors. Thanks to a consolidated track record of investments, long-term experience and our team’s relational network, Clessidra PE boasts a significant competitive advantage in these areas.”
Clessidra Private Equity was assisted by Alma Società tra Avvocati while Mediobanca – Banca di Credito Finanziario S.p.A. acted as placement agent. Societe Generale Securities Services will act as depositary bank of the new fund.