Since mid-2013, the Geneva-based fund opened an office in Spain and has been the most active foreign fund investing in Spanish SMEs, having invested more than €50M. The firm has announced that it has more than €100M available for 2014.
Spanish SMEs accelerate their internationalisation with investment from COFIDES
At the beginning of 2014, several foreign investment operations have been announced by Spanish companies thanks to COFIDES financing. There have been a total of 6 operations for both SMEs and large companies located in South Africa, Germany and Latin America.
BASQUE FCR risk capital for Basque SMEs
The Basque Government has joined public initiatives to promote SME financing through alternative instruments to traditional banking instruments such as venture capital.
The Spanish M&A market in 2013
2013 was a good year for mergers and acquisitions, with a total of 1183 deals worth €70,955M. This represents an increase in deals of 29.57% compared to the previous year.
FOnd-ICO Global and its impact on the future of venture capital
Reports on venture capital and private equity activity in 2013 have recently come out. The numbers are not good: a 31% drop in volume and a 15% drop in number of deals. Will Fond-ICO Global manage to increase these figures in 2014 and beyond?
The most active Venture Capital and corporate investors in the internet of things
Corporate investors lead the way in internet of things investment, with Intel Capital, Qualcomm Ventures and Cisco Investments occupying 3 of the top 4 positions, while the only Venture capital in the top 4 is True Ventures.
Gaitek 2014 - New product development project
Improve the competitiveness of companies by promoting projects that include R&D&I activities to develop new products.
NEW SCIENCE AND TECHNOLOGY BASED COMPANIES - NETS 2014
Aid for research, development and technological innovation activities, through a programme to support the implementation of projects to launch new science and technology-based companies.
Private equity manages to increase divestments in 2013
The most positive development in 2013 in the private equity investment sector was the significant increase in divestments, which totalled €1,451M, an increase of more than 20% over 2012, for a total of 268 deals.
How much capital did Spanish venture capital raise in 2013?
A total of €1,346M was raised in 2013, a decrease of 33% compared to 2012. Fortunately, the outlook for 2014 and beyond is improving with the emergence of FOND-ICO Global which aims to attract €3,000M over the next 4 years.
2013: the 74% of venture capital operations for SMEs
Although investment throughout 2013 was much lower than in 2012, the second half of the year saw a significant rebound to €1.2 billion. In addition, several recently announced transactions bode well for the future....
Venture capital reaches highest level since 2008
European countries have faced the worst of the sovereign debt and unemployment crisis. There is still a long way to go to regain pre-crisis levels of growth and capital investment, but there has been slight GDP growth and a stabilisation or reduction in unemployment in most countries. The data provided by Pitchbook show some positive trends for 2014.