News & Analysis

Aksìa raises €150m for third fund

Aksìa Capital, an Italian mid-market private equity firm, has attracted some illustrious new investors to its third buyout fund, which closed at €150 million.

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The Aksìa Group, a mid-market Italian investment group, has raised €150 million ($199 million) for its third buyout fund.

Aksìa Capital III has attracted some significant new investors to the firm, including Partners Group, Gartmore, Bear Stearns, JP Morgan and Parish Capital. Investors in the previous funds, such as State Street Global Investment, have also renewed their commitments.

The new fund will continue to pursue Aksìa’s strategy of backing medium-sized industrial companies with a turnover of between €25 million and €150 million.

Aksìa is wholly owned and managed by three Italian investment veterans, Nicola Emanuele, Stefano Guidotti and Marco Rayneri, although the firm also has an industrial committee to advise it on investment decisions and portfolio operations.

Elm Capital provided financial advice for the fundraising while SJ Berwin and Di Tanno e Associati organised the legal structure.

The fund has already made its first acquisition, deploying €30 million of equity to take a majority stake in Robuschi, an Italian industrial pumps manufacturer. Interbanca and BNL provided debt financing for the deal.