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French buy-out group Activa reaches final close on E162m19/12/2003. Source: AltAssets. 
 French buy-out group Activa Capital has reached a final close on its fund with E162m of commitments after almost two years on the road. The fund will focus on acquisitions the lower mid-market.
Jean-Louis de Bernady, a partner at the firm, said: ‘Activa Capital’s successful fundraising reflects investors’ increased appetite for country funds focused on the lower mid-market.’
The fund will invest across a broad range of sectors making equity investments of between E5m and E20m. It has already made two investments; the acquisition of pharmaceutical marketing business Vivactis and dessert brand Mont Blanc.
The team members were formerly at Bridgepoint and Barclays Private Equity.
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