Talde on course to reach €60m fund target

Talde, Spain’s oldest private equity firm, is on track to meet its €60m fund target, having already raised a total of €31m. The Bilbao-based firm, led by José Zalbidegoitia, anticipates making a final closing by the end of this year. Talde had previously centred 60% of its investment activities to the autonomous region of the Basque country, but has more recently decided to extend its scope to cover the rest of the country. According to director of new funds and investments Julia Salaverria, the group’s investment remit may also be broadened to incorporate bigger expansion capital deals and more co-investments, in order to take advantage of the growing number of deals falling within the €2m to €6m bracket. As the geographic focus broadens, the investor base will also expand accordingly. The Talde Group’s financial investors include Bilbao Bizkaia Kutxa, the European Investment Fund, Banco Guipuzcoano, and Caja Navarra Group, with industrial investors including Iberdrola Diversificación and Corporación Empresarial Once. Talde’s recent deals include an investment in biotechnology company Advancell, alongside Barcelona Emprèn and Unirisco Galicia, and the acquisition of a 15% stake in Biópolis. The firm has invested over €100m in a total of more than 130 companies since its inception in 1977. Last year, Talde more than doubled its consolidated results, achieving a figure of €6.4m. The firm also saw a 17.6% increase in consolidated long-term investments, with holdings in investee companies rising from €28.3m to €33.3m.

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• Topics
• Southern Europe
• Industrials