Clifford Chance advises FCDE on the structuring of its third local specialist strategy buyout fund, FCDE Fund III, which reached its €400 million hard cap

As part of its continued specialized investment strategy, FCDE has closed the fundraising for its third local specialist strategy buyout fund, FCDE Fund III, at its €400 million hard cap, following a process completed in just over six months in a particularly challenging and competitive environment.

The fund was oversubscribed, increasing its size by c.45% compared to the FCDE Fund II (closed in 2023 at €277 million), and has attracted the support of blue-chip institutional investors in France and internationally.

This fundraising enables FCDE to pursue its proven strategy of supporting the development and transformation of SMEs and mid-cap companies with strong growth potential.

Clifford Chance advised FCDE on this transaction with a team comprising in Paris of Xavier Comaills, partner, Benjamin Massot, counsel, and Marc El Khoury, associate, on the fund aspects, as well as Pierre Goyat, partner, Elise Poiraud and Andréa Pilisi, associates, on the tax aspects.