CITA FCPR1, a € 76 million fund (US$ 70
million)
CITA FCPR1 is a € 76 million fund, raised
in April 2001. The fund is managed by CITA Gestion, which received the
official approval from the COB (France’s SEC) on February 20th, 2001. The
lifetime of the fund is 8 years.
Activity of the fund
Venture Capital : support the development of
start-ups in the information technology and the biotechnology sectors.
Development Capital :
support the growth of companies which have already proven the profitability
of their business model.
Leveraged buy outs (LBO) : support
the buy-out of companies by solid management teams, through equity and debt
financing.
et
Investment by CITA FCPR1 may vary from US$ 1
million to US$ 10 million.
No privileged sector has been set, the essential
being the quality of the management team and the company plan. A majority of
investments will be devoted to French companies, through minority stakes.
The Board of CITA Gestion
Institutions
member of the Board are
: