French private equity firm raises mid-cap growth fund

The fundraising for Ardian Expansion Fund VI was 10% above its initial target. — Reuters

PARIS: French buyout firm Ardian SAS has raised a 3.2 billion euros for its new mid-cap growth fund.

The fundraising for Ardian Expansion Fund VI was 10% above its initial target and 60% higher than its predecessor fund, according to a statement yesterday.