NextStage, the leading independent French growth equity firm, announces the successful first closing of Champion Small Cap II at €61 million, over half the size of the fund’s target of €120 million. The first closing has been achieved in less than six months from launch and despite a deteriorating fundraising environment. Interest from both existing and new investors has been strong. Commitments have come from highly regarded French institutional investors and family offices, including Groupe Artémis, the financial holding of Francois Pinault. Since 2002, NextStage has focused on backing exceptional entrepreneurs to create global niche market leaders. NextStage invests with little or no leverage, and typically acquires positions in companies with enterprise values below €30 million where the founding entrepreneur holds a significant stake. Acanthus Advisers is acting as financial adviser and placement agent to NextStage. Ashurst is acting as legal and tax adviser to NextStage.

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