Vendis Capital raises EUR 25 million additional funds and realizes second closing at EUR 80 million. Third and final closing targeted before year-end.

Brussels, 24 August 2010 – Vendis Capital, the private equity fund focused on European consumer goods companies, is pleased to announce its second closing at EUR 80 million. 15 new investors have subscribed to the fund.

Vendis Capital will provide growth and buyout capital to retail and consumer businesses in Europe. Invested amounts will vary between 5 and 15 million Euro.  Vendis Capital wants to partner with strong entrepreneurs and managers to support the development of their companies. It believes that sector specialization will lead to the best investment opportunities in the sector and that it provides more value-added to the companies and the operating teams.

A third and final round of fundraising is expected to take place at year-end.