Parcom Ventures focuses at Southern Europe
1 October 2006Parcom Ventures commits another EUR 350 million to the joint Venture with Groupe Bruxelles Lambert (GBL) for investments in Southern Europe. With this investment in a new joint venture, Ergon Capital Partners II, the total investment value for the Southern European region adds up to EUR 500 million.
The new investment fund focuses at mid-sized family businesses with an annual turnover between EUR 50 and EUR 500 million. The investee companies must have a leading position in an attractive market with a strong upward potential. Ergon operates mainly in Belgium, Italy and Spain. In addition to Ergons existing offices in Brussels and Milano, a third office will be opened in Madrid.
