Ardian Raises $8.9 Billion for European Private Equity Buyouts

European private equity giant Ardian SAS has raised 7.5 billion euros ($8.9 billion) for its latest buyout fund.

The money pool includes an extra 1 billion euros raised via co-investments, the Paris-based company said in a statement Monday. While focusing mainly on European deals, around 10% of the fund will target North America, according to Philippe Poletti, head of Ardian Buyout.

Global dealmakers have just celebrated their busiest first quarter on record with $1.1 trillion in transactions, helped by the growth in blank check companies and vaccine optimism. Ardian has already committed half of the capital from its latest ...