Realza launches second fund with €200m target
Spanish buyout firm Realza Capital has launched its second fund with a target of €200m.
The vehicle’s predecessor held a €170m final close in 2008, surpassing its €120m target.
Elm Capital, which advised on the firm’s maiden fund, acted as placement agent for Realza Capital II.
Investments
Realza’s first fund had a generalist remit and made equity investments of €13-20m in SMEs valued at €15-120m. The GP has made two investments in 2015 to date, acquiring a minority stake in industrial painting firm Litalsa in March and a 74% stake in tomato farming business Cualin Quality in April.
Investors
Although investors in the latest fund have not yet been announced, Realza Capital I attracted commitments from a variety of LPs, including funds-of-funds, pension funds, insurance companies, banks and holding companies. Spanish investors accounted for around 95% of capital commitments, with the remainder coming from the US.
People
Alfredo Zabala and Martin Gonzalez del Valle are founding partners at Realza.
More on Buyout
Capvis grapples with EUR 1bn fundraise amid team exodus
Five partners for the Swiss-based GP leave firm in last two years; sponsor started sixth buyout fundraise in early 2023
WestBridge raises GBP 130m in first close for third fund with debut deal in sight
UK-based PE firm has set GBP 200m hard-cap and target for the vehicle
Bain Capital intensifies strategy specialisation efforts with USD 1.15bn insurance fund
New fund will deploy tickets of up to USD 200m but is 'not afraid to start small', Matt Popoli said
Eurazeo co-CEOs seek to reassure market following key departures
Listed GP is also considering options for its stake in Spanish PE platform MCH, it said in its latest results
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater