Argo advises CIM Capital on the set-up and first closing of CIM Capital Restruct Fund II

Argo advised CIM Capital on the structuring and set-up of CIM Capital Restruct Fund II, which raised €42 million at its first closing and targets a total fund size of €65 million.

CIM Capital Restruct Fund II continues the strategy of its predecessor by investing in small and medium-sized companies with a healthy core that require fresh capital, strategic repositioning and operational and financial restructuring.

CIM Capital launched its first fund in 2020 with the support of nearly 80 investors. The fund invested in eight companies, including Lunch Garden, Heatsail, Veritas and Zoute Grand Prix. Its investments in Veritas and Zoute Grand Prix have since been successfully exited.

Following the first closing, CIM Capital will continue discussions with potential investors ahead of a further capital round planned for next year.

Argo assisted CIM Capital throughout the fund formation process and advised on the legal structuring, documentation and first closing of CIM Capital Restruct Fund II.