PRINT THIS PAGE Dutch buy-out group Bencis closes first independent fund on E250m12/11/2004. Source: AltAssets. 
 Dutch buy-out group Bencis has closed its first independent fund ahead of target with E250m of commitments. The announcement comes just a few weeks after the firm announced its first acquisition, the secondary buy-out of grains business Meneba from CVC Capital.
Bencis was formed from a spin out of NeSBIC, one of the oldest investment companies in the Netherlands. It focuses on mid-market firms. The new fund, Bencis Buy-Out II, was the first to be raised since the group became independent.
Investors included LGT, Allianz, AXA Private Equity, the EIF and Fortis Bank, which had cornerstoned the group's initial fund.
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