Italian environmental investment house Ambienta sgr has held a final close in the fundraising of its second private equity fund at 323.5 million euros, that is above its 300 millions target and before the deadline fixed for the year end (download here the press release).
Subscribers to Ambienta II are some of the most important institutional international investors such as the European Investment Fund (EIF), HarbourVest, Hermes, Pantheon, RobecoSAM, Stafford Capital Partners, Unigestion and Zurich Insurance Group. Among Italian investors there are instead Assicurazioni Generali, CNPADC (the pension fund of chartered accountants), Fondazione Enasarco, Intesa Sanpaolo, Fondo Italiano di Investimento (FII) and Poste Vita. Rede Partners acted as the placement agent to the fund.
Ambienta II announced a second closing in December 2013 at 200 million euros and a first closing in October 2013 at 147 millions, thanks also to EIF and FII committement.
Last June Ambienta II signed its first investment deal acquiring the 100% of the capital of IP Cleaning spa, an Italian leading manufacturer of professional machines and equipment for the professional cleaning sector (see a previous post by BeBeez).