Nazca Capital and Kibo Ventures, raise funds to invest in Spanish companies. Nazca is focused on companies between €30M and €200M in sales and Kibo Ventures on early stage digital startups.
Nazca has raised €250M to invest in family businesses, mainly in the industrial sector.
Nazca has reached its fundraising target of 250M for its 4th fund and has decided to hold its first closing, although in view of investor interest in the fund, it has opted to raise the total resources of the fourth fund to the maximum possible ceiling (or hard cap) of 275 M, an amount by which it expects to close at the end of the year.
The beneficiary companies will follow the same pattern as Nazca's investees to date: Spanish companies with a proven track record and internationalisation prospects, with sales of between €30 and €200M. Within this group, family businesses and the industrial sector will continue to have a privileged place.
Acquisitions made by Nazca in 2016
Caiba: a pioneering company in Spain in the plastic packaging sector specialising in the design and manufacture of PET preforms and containers, mainly for the food, beverage and personal and household hygiene sectors.
Distributions Juan Luna: company specialising in the slicing, cutting and packaging of charcuterie products and cheeses (mainly imported).
Divestments made in 2016
IMOncology : oncology services, with 12 centres in 5 Autonomous Communities that provide radiotherapy and medical oncology services to patients from both insurance companies and public health services. Nazca joined the company in December 2011 and has invested more than 15M in the growth of the company since it was acquired. IMOncology's turnover grew by 20% in the last 3 years, to reach a figure close to €30M.
Sistemas e Imagen Publicidad ("Sistemas"Nazca invested in the company in 2007. Nazca invested in the company in 2007, allowing it to grow organically and buy companies to expand its activity.
Kibo Ventures is launching a second fund to invest not only in the early stages of digital companies, but also in their further expansion.
Kibo Ventures invests in early-stage digital companies and scalable businesses, with the aim of financing their further expansion.
Its new investor base includes the European Investment Fund (EIF), Telefónica Open Future, Innvierte Economía Sostenible, Fondo-ICO Global, Criteria Venture Capital (La Caixa) and several family offices and private investors. The second fund aims to complete the capital with new investors, up to a maximum amount of 100M.
Successful Kibo Venture Investments
The first fund has invested in companies that have grown in our country and are already well known internationally, such as Carto DB, Job and Talent, Flywire, iContainers, Promofarma, Jetlore, Cap tio, Blueliv and Worldsensing.
It has also made a number of successful divestments such as Airbnb (Trip4Real), New Relic (Ducksboard) and Groupon (Blink).
Other posts that may interest you
Strengzen and Caixa Innvierte Start, new funds March 2016
New venture capital funds for SMEs: Meridia capital and Closa Gordon
New funds for 2016: Sabadell, Caixa Capital risk, Samapaita Ventures and others.
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