Private equity fund manager MCH Private Equity has created Unigrains Iberian Capital, a new €30M fund to invest in growing food SMEs. Of the total, €20M has been committed by one of its investors, the French group Unigrains, specialized in the food sector.
This new fund will allow minority buyouts and plans to invest between €2M and €5M per company. It will be managed separately from MCH Iberian Capital Fund IV, its fourth investment vehicle closed in early May this year with €350M in commitments and a separate team. 30% of the fund's investment was directed to five leading companies in their niches, with high growth potential and geographic diversification.
The new vehicle of Resilience Partners has completed its first €40M close between European institutional investors, funds of funds and family offices. Two years after its creation, Resilience Partners Fund I has started operations with the objective of reaching an end close of €100M, capped at €150M.
The first closing of this debt fund coincides with Resilience Partners' first investment in Medcomtech, a Barcelona-based company specialising in the commercialisation of technologically advanced products in orthopaedic surgery, traumatology, neurosurgery and anaesthesia. The objective of this 7-year financing is to consolidate Medcomtech's growth in Spain and boost its international growth.
Resilience Partners is a firm specialising in helping Spanish companies with strong track records to execute their long-term expansion plans by offering flexible financing solutions. The private debt firm, created by former executives of 3i and Rabobank, is focused on companies with EBITDAs between €3M and €15M, leaders in their segment, with strong management teams and long-term financing needs, to execute their strategic plans.
Bbooster Ventures has received approval from the Spanish Securities and Exchange Commission (CNMV) as a venture capital fund manager. This business project accelerator, the only one in Spain that owns a venture capital company (SCR), manages €12M through two investment vehicles: Sinensis, authorised by the CNMV in 2011, and Bbooster-Dyrecto, opened in 2016 to cover the stage between the initial phase of a project and the one that interests venture capital.
With both companies operating in 2016, Bbooster Ventures was one of the most active investors in Spain last year in terms of number of deals, with more than 20 investments in that period.
Bbooster targets mainly internet, artificial intelligence and blockchain-related startups with a turnover of around €100,000 in the last 6-12 months. These startups are selected during due diligence weeks, called Bbooster Weeks, which are held twice a year.
Telefónica's former head of R&D, Carlos Domingo, and Mozilla co-founder Brendan Eich launch the fund Spice VC with the objective of raising $100M in blockchain technology to invest in 30 startups over a three-year period. The fund expects to make $1M and $2M investments by taking between 20% and 35% from the companies.
The public part of the fund, the Initial Coin Offering (ICO), will take place at the end of November, with the aim of closing it by the end of the year. ICOs are a way of selling investors the startup's own cryptocurrency, associated with the value of the startup.
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