FUNDRAISING NEWS | January 09, 2025
Ardian announced on January 9 that it closed its first private equity continuation fund, which will be used to support its portfolio company Syclef.
The fund secured commitments from new and existing investors in Ardian Expansion Fund V, with French private equity firm Eurazeo as senior lead investor and pan-European private equity firm Astorg as co-lead investor.
Syclef provides installation and maintenance services for refrigeration and air conditioning units in Europe. Ardian earmarked the additional capital in the continuation fund to support Syclef's next phase of growth as the portfolio company aims for international expansion.
Lazard Private Capital Advisory advised Ardian on the continuation fund, with Clifford Chance serving as fund counsel.
