Find out about the new funds and deals completed by the main private equity firms in February. We analyse the first closing of Nexxus Iberia, the purchase of Aernnova by Torreal, TowerBrook and Pen\u00ednsula, and the exit of Providence in M\u00e1sM\u00f3vil.<\/p>\n
Find out about the new funds and deals completed by the main private equity firms in February. We analyse the first closing of Nexxus Iberia, the purchase of Aernnova by Torreal, TowerBrook and Pen\u00ednsula, and the exit of Providence in M\u00e1sM\u00f3vil.<\/p>\n
The venture capital firm Nexxus Iberia<\/a> has successfully completed the first closing of Nexxus Iberia Private Equity Fund I with \u20ac130M committed against a target of \u20ac200M. This first closing was attended by recurring Nexxus investors, institutional investors, family offices and individual investors from Mexico and Spain. They were also joined by FOND-ICO Global, Banco Sabadell and the EIF. All these players have relied on the experience and solid background accumulated by the team in Iberia and the previous Nexxus funds.<\/p>\n The main objective and differential angle of Nexxus Iberia is to strengthen the links between Spanish SMEs and Latin America, taking advantage of the fact that its partnership with Nexxus and the fact of being part of its platform provide it with the support of its entire infrastructure.<\/p>\n Nexxus Iberia expects to complete its first investment in the coming months and make the final closing of the fund by the end of 2018, which will invest in between 8 and 10 Spanish companies with high growth potential, with investments of between \u20ac10M and \u20ac25M, through both majority and significant minority stakes.<\/p>\n Seg\u00fan Maite Ballester, Socia Directora de la firma, \u00abestamos realmente emocionados de llegar a un primer cierre con m\u00e1s de la mitad del objetivo del fondo. El veh\u00edculo tiene una cartera muy interesante de empresas espa\u00f1olas con un gran potencial de crecimiento y unos fundamentos empresariales s\u00f3lidos que les han permitido salir airosos de la crisis econ\u00f3mica espa\u00f1ola de los \u00faltimos a\u00f1os\u00bb. Adem\u00e1s, afirma que es m\u00e1s sencillo aprovecharse del crecimiento de Latinoam\u00e9rica desde Espa\u00f1a que desde cualquier otro pa\u00eds europeo.<\/p>\n Since its foundation in 1995, Nexxus has a track record of 5 funds, 25 investments and 11 exits, 5 of them through IPOs. The firm is one of the leading alternative asset management institutions in Mexico and one of the most successful in Latin America.<\/p>\n The investment consortium led by TowerBrook<\/a> has closed the purchase of a stake of close to 70% in Aernnova<\/a>The company inherited from Gamesa's aeronautics business. The equity value (per 100%) would be close to \u20ac900M, debt not included.<\/p>\n The percentage was held by Springwater<\/a>The management team, led by I\u00f1aki L\u00f3pez Gand\u00e1segui (Chairman and CEO) and Pedro Fuente (Deputy Chief Executive Officer), who partially divested by selling more than 20% and maintaining a significant majority of close to 29%.<\/p>\n This entry into Aernnova is also the first major transaction in Spain for the venture capital firms TowerBrook and Peninsula Capital<\/a>.<\/p>\n Providence<\/a> has begun its gradual exit from M\u00e1sM\u00f3vil<\/a>after selling a 14.03% stake in the telecommunications operator through an accelerated placement with institutional investors of 2.8 million shares for \u20ac245.7M, which translates into a price per share of \u20ac87.75 and a capital gain of \u20ac190.96M. Following this sale, Providence holds 3.97% of the capital and a package of bonds convertible into 8.11 million M\u00e1sM\u00f3vil shares at \u20ac22 per share. Thus, if it decided to execute these bonds, it would obtain an additional 26.91%.<\/p>\n The private equity firm became M\u00e1sM\u00f3vil's largest shareholder in 2016, after obtaining 18% of the company by subscribing to a \u20ac160M capital increase aimed at financing the acquisitions of Yoigo and Pepephone. It also subscribed to a \u20ac165M convertible bond issue.<\/p>\n M\u00e1sM\u00f3vil was created in 2014 as a result of the merger by absorption of M\u00e1s M\u00f3vil Telecom by Ibercom. The telecommunications company was floated on the MAB in 2012 and has since multiplied its share price thanks to a selective policy of organic growth and acquisitions of other operators: Tecnolog\u00edas Integrales de Telecomunicaciones, Telechoice Espa\u00f1a, The Phone House M\u00f3vil, Xtra Telecom, Neo Operador de Telecomunicaciones, Yuilop and Embou, among others. Turnover for the first nine months of 2017 reached \u20ac949.2M, with ebitda of \u20ac168.4M and net profit of \u20ac45M.<\/p>\n Headquartered in Rhode Island, Providence also has offices in New York, London, Hong Kong, Singapore and New Delhi, and currently manages over $$50 billion in private equity and credit. Since 1989, it has invested in 160 companies in the media, communications, education and information sectors.<\/p>","protected":false},"excerpt":{"rendered":" Find out about the new funds and deals completed by the main private equity firms in February. We analyse the first closing of Nexxus Iberia, the purchase of Aernnova by Torreal, TowerBrook and Pen\u00ednsula, and the exit of Providence in M\u00e1sM\u00f3vil.<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1750],"tags":[312,155,153,1205,1206],"sectores":[],"tipo-contenido":[2260],"class_list":["post-43843","post","type-post","status-publish","format-standard","hentry","category-financiacion-sectorial","tag-capital-riesgo-espana","tag-corporate-finance-spain","tag-global-corporate-finance","tag-nuevos-fondos-espana","tag-private-equity-spain","tipo-contenido-noticias"],"acf":[],"_links":{"self":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/43843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/comments?post=43843"}],"version-history":[{"count":0,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/43843\/revisions"}],"wp:attachment":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media?parent=43843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/categories?post=43843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tags?post=43843"},{"taxonomy":"sectores","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/sectores?post=43843"},{"taxonomy":"tipo-contenido","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tipo-contenido?post=43843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Torreal, TowerBrook and Peninsula take control of Aernnova<\/h2>\n
Providence initiates its exit from M\u00e1sM\u00f3vil<\/h2>\n