EURAZEO ANNOUNCES THE FIRST CLOSE OF ITS PME V FUND AT OVER €1 BILLION, SEEDED WITH TWO INITIAL INVESTMENTS
Summary
Eurazeo’s Elevate team announced the first close of its PME V fund at over €1 billion, matching the size of the prior vintage and attracting a larger share of international investors. The fund is already deployed at more than 10% after two seed investments: OMMAX, a fast-growing data analytics and AI consultancy, and Nextron Systems, a German cybersecurity software provider. Elevate plans buy-and-build expansion (OMMAX has signed the acquisition of Singulier) and targets 15+ portfolio companies while accelerating AI deployment across holdings to drive revenue and productivity. The raise underscores investor confidence in backing European mid-market Tech & Services companies and supporting their international scaling and operational transformation.