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French buyout fund (2009 vintage, ~€225M) managed by Azulis Capital, a Paris-based private equity firm regulated by the French Financial Markets Authority (AMF). The fund invests €7–30M per deal in French B2B and B2C mid-market companies via growth capital and LBO financing. Middle Market Fund IV is fully invested with 16 portfolio companies; Azulis Capital continues investing from later funds.
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Illustrated walkthrough
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