LBO France seeks €1.2bn for New Fund

LBO France has just announced that they are looking to raise €1.2 billion for a new fund, LBO France White Knight VIII LP, to follow-up Fund VII which closed at €800 million in 2006.  The fund will continue the firm’s strategy of investing in French companies that generate much of their revenues outside of France.  Since 1998 funds sponsored by LBO France have generated a 57.5% gross IRR.

The new fund will have a 2% management fee for the investment period, which will be reduced to 0.2% per year thereafter.  There will also be a 50-50 split of transaction-related fees between the general partner and it’s investors.  LBO France will put in about €40 million of it’s own money towards the fund.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: