Corpfin Capital, a private equity located in Madrid, Spain, announced has raised €145 million for Spain’s first corporate buyout fund to reach a close in four years.
According to a person familiar with the matter, the Madrid-based buyout firm has reached an initial close for its fourth fund, Corpfin Capital IV, which has a target of €200 million and a hard cap of €250 million.
The fund is the first focused on traditional corporate buyouts in Spain to reach a close since 2010, according to data provider Preqin. At the peak of the market in 2008, there were seven buyout funds that raised aggregate commitments of €1 billion.
The first drawdown will be made on April 23 to finance the fund’s first deal, the €32 million buyout of logistics company FCC Logística, which was announced in February, the person added.
The firm is working with placement agent Acanthus Advisers to help raise the new fund.
Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Corpfin Capital, Madrid Private Equity, Spanish Private Equity, Spain, Madrid, Corpfin Capital IV, FCC Logística, Acanthus Advisers.