Press release
Paris, 8 October 2014
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Keensight Capital closes its new fund Keensight IV at 250 million Euros
Keensight Capital, a leading player in European Growth Private Equity, announces that it has
completed the final closing of its new fund Keensight IV for €250 million.
Jean-Michel Beghin, Managing Partner at Keensight Capital, commented:
“The fact that Keensight IV reached its hard cap in less than 6 months and was significantly
oversubscribed, demonstrates the relevance and attractiveness of our investment strategy based on
creating value through the strong growth of profitable European companies. We are proud of the
continued confidence of our historical investors, such as the Rothschild group, Bpifrance, the Banque
Cantonale de Genève, and the EIF, while also welcoming around ten new European investors,
including the CERN Pension Fund, CNP Assurances or Allianz France.”
Keensight IV was subscribed up to 90% by institutional investors, including pension funds, insurance
companies and banks. Almost all Keensight Capital’s historical investors subscribed to the new vehicle
and increased their commitments.
With these commitments Keensight Capital will continue to support entrepreneurs in their growth
projects, targeting profitable and rapidly growing companies across Europe with revenues of between
€15 million and €150 million.
The team will invest amounts ranging from €10 million to €30 million and take both majority and
minority shareholder positions by structuring operations with or without leverage. The team’s expertise
is particularly well-recognized in the following sectors: Internet and Media, Information Technology,
Healthcare, and Services.
Over the last year, the Keensight Capital team has completed three investments: Smile, the European
leader in open source solutions, Menix, a French leader in the development of dual mobility hip
prostheses, and Labelium, an international player in performance-based online marketing.
In parallel, Keensight Capital sold its stake in Octo Telematics, a global leader in telematics services
for the automotive market, and supported LDR Medical, a manufacturer of spinal implant devices, in its
successful flotation on the Nasdaq. Keensight Capital also sold its stake in FircoSoft, the world leader
in software solutions for filtering banking transactions. These three exits have allowed Keensight
Capital to generate a multiple of 5 times the initial amount invested.
Since its creation 15 years ago, the team has invested in 38 companies and carried out 28 exits. The
companies in its portfolio have reached an average annual growth rate of 24% over the last 5 years.
The investments made since the team’s creation have generated an overall IRR of over 40%.
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About Keensight Capital
Keensight Capital is a leading European Growth Private Equity firm managing funds backed by European
institutional investors. Keensight Capital targets first-class international projects to finance organic growth or buildup strategies, or to cash out existing shareholders. Specific sectors of interest include Information Technology,
Healthcare, and Energy. In each of these sectors, our team provides insights and expertise through its
entrepreneurial and operational background and its access to a worldwide network built over the past 15 years.
www.keensightcapital.com
Press contacts
Citigate Dewe Rogerson
Aliénor Miens - [email protected] - +33 (0)1 53 32 84 77
Dominic Riding - [email protected] - +33 (0)1 53 32 84 74
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