NEWS
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17/04/2018
€M 300 first closing for Cerea Dette II
Fund reaches target size in less than 7 monthsCerea Partners raises more than 1 billion euros in 3 years
Cerea Partners, the investor-partner of Agrobusiness companies, held the first closing of Cerea Dette II. With more than €M 300 in commitments, the Fund surpasses its predecessor and reached its target size at the first closing in under 7 months of fundraising. The hard cap is maintained at €M 350 in order to respect the Fund's positioning and a final closing is expected shortly.
Subscribers are all institutional investors including insurance companies, pension funds, funds of funds and banks. Unigrains, sponsor of Cerea Partners, as well as all the original investors continue to support the team by reinvesting in the new Fund.
Cerea Dette Funds
Launched in early 2015, the first generation of Cerea Dette surpassed its initial objective by more than 30% with €M 268 in commitments. The Fund saw a solid investment pace and completed more than 30 investments.
Faithful to this proven strategy, Cerea Dette II will finance buyout operations, growth investments and business funding, providing senior debt through private placements, credit or unitranche financing with underwriting between €M 10 and €M60.
The Investor-Partner for companies along the Agrobusiness value chain
This fundraising comes shortly after those, in late 2016, of Cerea Capital II with €M 225 in commitments and of Cerea Mezzanine III with an investment capacity of €M 200. In all, Cerea Partners has raised more than 1 billion euros in three years, tripling its assets under management.
This successful dynamic demonstrates the pertinence of Cerea Partners's innovative model which combines the deep knowledge of a thematic approach with the flexibility of a full-service investment platform. Dedicated to Agrobusiness companies, Cerea Partners is the financial and strategic partner of choice, whether in buyout, mezzanine, unitranche, debt financing or private placement.
Led by Michel Chabanel, the Cerea Partners team is composed of 24 professionals and has completed more than 100 investments since 2004. The Private Debt activity overseen by Fabrice Vidal covers senior debt and mezzanine and has, with Cerea Dette II, now raised its 5th Fund.
Michel Chabanel, CEO of Cerea Partners, declared: "We are proud of this success and the confidence investors have placed in our model. It shows, for both investors and companies, the relevance of our investment strategy which combines a thematic approach to Agrobusiness with a large palette of financing solutions ranging from buyout to debt. We are very well positioned to take advantage of attractive investments opportunities and continue supporting entrepreneurs in their growth projects."
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