Venture capital recovery in Spain 2014

20/06/2014
Diego Gutiérrez
Venture capital recovery in Spain 2014
Venture capital is picking up again in 2014, with a total of 76 deals so far this year, amounting to €12,207M, which is more than the €9,423M raised in the 138 deals made in the whole of 2013.

Sectors in which most operations have been carried out

The sector that tops the list of the most active is the transport, aviation and logistics sector, with 8 transactions, double the number of transactions carried out in this sector during 2013.

"In the last nine months, the investment fund Nazca has acquired 100% of Gestair, the leading business aviation company, and the private equity group Springwater, together with its partner, the tour operator Gowaii, has acquired Pullmantur Air, the airline Pullmantur Air, the travel agency Nautalia, its tour operator and its tour operator Land & City Tours business from Pullmantur. In addition, the Spanish helicopter group, Inaer, with a fleet of 80 aircraft and holder of the main contracts tendered by the State in emergency services, has just been acquired by Babcock International," says Diego Gutierrez, an expert in alternative financing for the group. Abra Invest.

The second largest sector is the real estate sector, with 6 operations operations carried out so far this year. One of the latest operations carried out in the sector has been the acquires Cerberus' acquisition of Cajamar's real estate management company Cimenta2 for €225M.

The third sector in which most operations have been carried out this year is the textile sector with 5 operations. This sector has grown considerably considering that last year there were no transactions in textile companies. Among the most notable transactions in the sector, we find the purchase of 10% of Desigual by the French private equity group Eurazeo, for €285M.

Largest transaction in May.

If we take into account the amount of the operation, the most outstanding operation is the one carried out by Abertis. This company has reached an agreement with Global Venture Capital (belonging to the Santander Group) for the acquires de Infraestructuras Americanas, the company that owns 42.3% of Inversora de Infraestructuras S.L. (Invin) for an amount of €291M, payable in August 2019.

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