Brussels, 11 July 2019 – Vendis Capital Management, a specialized European private equity investor focused on the small and mid-market consumer sector, is pleased to announce that it has raised €300 million for Vendis Capital III, its third fund since the start of Vendis in 2009. Besides commitments from existing investors in Vendis’ previous funds, Vendis has welcomed new institutional investors and family offices from various geographical areas. Fundraising with new investors started in April this year, and the total fund size target was reached at the first Closing.
The Vendis team combines a long investment experience with a solid operational expertise in the consumer sector. This allows the team to successfully spot promising consumer brands and retailers and to work in partnership with strong management teams to execute growth strategies focused on launching new product lines, on developing new sales channels, or on expanding into new countries.
This approach has led to good results in the past years. The first fund Vendis I (2009, €110 million) has realized several very successful exits. The second fund Vendis II (2015, €180 million) is now also fully invested in 9 companies, after its latest investment in the French jewelry brand L’Atelier d’Amaya, announced last month.
Vendis III will continue with the same strategy to invest in small to mid-market growth companies in attractive sub-segments of the consumer sector in Benelux, France, DACH and Scandinavia. Vendis will further expand its team to reinforce its investor presence in these key geographies and to support the portfolio companies in their international growth.