Contact

2017 will be the year of a new record for private equity funds in Spain


, , ,
Integral service around a transaction
BY : Diego GutiérrezSeptember Mon, 2017
In recent months, private equity funds have closed deals such as the sale of Mémora to Ontario Teachers' for €500M or the sale of Pronovias by BC Partners. With sales like these, and many others, the year looks set to be exceptional for the sector. Recently, we have seen the announcement of new funds such as Encomenda and other funds, such as Portobello, have made their first transactions.
private equity
Risk capital situation in Spain

According to Ascri, up to June, equity funds have invested 3.046 billion euros in Spain in almost 300 deals, this is largely due to international funds putting their focus on Spain. These have been responsible for 79% of all the volume invested between January and June by private equity in Spain, having carried out 33 deals.

In addition, several "mega-deals" have been completed, transactions that alone are capable of boosting the sector's figures. In the first half of 2017, 7 deals were completed including: CLH, Allfunds, Acceltya, Vitalia Home, Nace and Pachá. These deals generally have high multiples, as they are in the European market, where higher prices are paid for companies.

New venture capital fund: Encomenda, for early stage technology companies

The Spanish Securities and Exchange Commission (CNMV) has approved a new fund, Encomenda Smart Capital, which will manage a €20 million fund. The initiative, on which the management team has been working for months, already has the confidence of Fondico, which approved its investment in the fund last May, as detailed in the note.

The focus will be on young Spanish technology-based companies, both B2C and B2B models and startups from all sectors.

The objective, according to Carlos Blanco, is to work a lot on co-investment with business angels and other seed capital funds such as Cabiede & Partners, Caixa Capital Risc, Banco Sabadell or Inveready, other early-stage venture capital investment groups in Spain.

Portobello closes its first Fund IV transaction

Portobello Capital has invested in a large group of dental and aesthetic medicine clinics in Spain. This is the first investment of its Fund IV, which has had a first closing of €500m.

Portobello Capital is a leading private equity fund manager in the Spanish Middle Market, with Assets under Management (AuM) of €1.2 billion.

In July 2014 he raised €375 million Portobello Fund III, which has been fully invested in nine companies: Vitalia Home (residences for the elderly) sold to CVC in April this year, IAN (canned vegetables and ready meals under the Carretilla brand), EYSA (services and technological solutions to improve mobility in cities), Iberconsa (frozen seafood products), Laulagun Bearings (bearings especially for the aerogeneration sector), Ramón Sabater (processing and distribution of paprika, spices and herbs), Trison (sensory marketing), Blue Sea (hotel and holiday resort chain) and Centauro (car rental in the low cost segment).

In July 2015, it also closed its first secondary fund: Portobello Secondary Fund I, which includes five companies from its Fund II, including: Mediterránea (catering services for hospitals, schools and companies), Angulas Aguinaga (value-added, ready-to-eat and chilled fish products), The Ice Cream Factory (manufacture of private label ice cream), Multiasistencia (outsourcing of household claims management for banks and insurance companies) and GrupoUno CTC (outsourcing of marketing, merchandising and promotional logistics services).

Last July, six months after initiating the fundraising process, Portobello Capital made the first closing of Portobello Capital Fund IV at €500M.

Other posts that may interest you

New funds March: Trea ,Telegraph capital and Nexxus Iberia

New Venture Capital Funds: Arcano, Alta life Science and Suma Capital

 

If you are looking for investors, get in touch with us. Abra-invest has a team of experts in alternative financing at your disposal. Call + 34 946424142 or fill in the contact form.

The M&A Professionals

Meet our services

CONTACT US

MEET
OUR
METODOLOGY

Do you want to be up to date?

SUSCRIBE OUR NEWSLETTER

Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?

M&A NEWS
INDUSTRIAL REPORTS
crossmenu