
MCH holds €200m first close
Madrid-based buyout house MCH Private Equity has held a first close for its MCH Iberian Capital Fund IV.
The fund has a €300m target. According to a statement, the GP intends to acquire stakes in two more businesses before reaching the vehicle's final close in Q4 2016.
In February 2016, the fund acquired a 35% stake in Jeanologia, a Spanish business operating in the textiles industry, for €10m. In April, it bought a minority stake in Brasmar, a Portuguese processor and distributor of frozen fish products.
Currently, the GP manages three more funds with a total of €500m in capital invested.
Investors
The fund's LP base includes both Spanish and international institutional investors, alongside funds-of-funds and several family offices.
Investments
Like its predecessors, MCH Iberian Capital Fund IV focuses on Spanish and Portuguese mid-cap companies ranging between €15-45m in revenues. According to unquote" data, the GP targets mainly the consumer and industrials sectors.
The fund follows industry standards with regard to lifespan and terms and conditions, as well as excluding specific sectors such as gambling, weaponry, real estate and tobacco, among others.
People
MCH Private Equity – Jaime Hernandez Soto, Jose Maria Muñoz (founding partners).
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