MCH hit €350m hard-cap for fourth fund

Amedeo Goria
04 May 2017

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Mid-cap Spanish buyout house MCH Private Equity has held a €350m final close for its fourth vehicle, MCH Iberian Capital Fund IV.

Launched in 2016, the vehicle closed its fundraising activity €50m above its initial €300m target. In June 2016, the Madrid-based GP held a €200m first close for the vehicle and announced in a statement it expected to hold a final close by Q4 2016.

At the time of publication, the fund was already 30% deployed through five deals. 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. Following the vehicle's first closing, the GP also acquired Madrid-based gelatine capsule producer HC Clover in November 2016, concrete pumping services Pumping Team alongside Mexican peer Nexxus Capital in December 2016, and took part in the Trilantic Europe-led acquisition of Spanish leisure and entertainment business Pacha Group in February 2017.

Investors
The fund's LP base includes both Spanish and international institutional investors, alongside funds-of-funds and several family offices.

Investments
The GP aims to invest in mid-sized companies headquartered in the Iberian Peninsula. As its predecessors, the fund targets businesses with revenues ranging from €15-45m. According to unquote" data, the GP targets mainly the consumer and industrial 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.

People
MCH Private Equity – Jaime Hernandez Soto, Jose Maria Muñoz (founding partners).