Economy.- Portobello Capital closes its 250 million structured minority fund

MADRID, 17 May.

Economy.- Portobello Capital closes its 250 million structured minority fund


Portobello Capital has closed its fund Portobello Structured Partnerships Fund I, the first in its category raised in Spain, upon reaching the 250 million euro target.

The fund will invest in minority positions of between seven and nine companies in the 'mid-market' segment located mainly in Spain, Italy and Portugal, as reported.

As explained by the firm, this investment vehicle is intended for the acquisition of relevant minority stakes in companies, partnering with entrepreneurs who operate in growth business sectors, to which flexible capital and all Portobello Capital's experience are provided to help them develop. and generate value.

The new fund arises as a result of the opportunities that the management company found to invest in companies and take minority positions that, given the nature of its other funds and their investment restrictions, did not fall within their investment objective.

Portobello Structured Partnerships Fund I has already made two investments: AGQ Labs, a group of laboratories for the provision of certified analysis services and advanced tests in different sectors that include food, agriculture and the environment; and Condis Supermercats, a local supermarket chain with more than 600 establishments.

Both have a positive evolution since the investment of Portobello Structured Partnerships Fund I as shown by the current valuation of the fund.

Portobello Capital has had the collaboration of the private banking division of Credit Agricole Indosuez in the capital raising process. The Fund's investors include pension funds, funds of funds, insurance companies, sovereign wealth funds, banks, family offices and private investors.

Portobello Capital is a manager that invests in Southern Europe, with assets under management of 1,900 million euros, a portfolio of 21 investee companies and 37 employees.