Eurazeo buys stake in Spanish GP MCH
French GP Eurazeo has acquired a 25% stake in Iberian mid-market private equity firm MCH Private Equity.
In addition, Eurazeo will also participate as a limited partner in MCH's fifth fund, which will be launched in the coming months.
The total investment of Eurazeo amounts to approximately €100m and is split between an investment in MCH's management company and a commitment to MCH V.
The two firms will remain independent, with their investment teams focused on their respective funds and domestic markets. In addition, MCH will have access to Eurazeo's international networks and digital and ESG value creation teams.
Founded in 1998, MCH is an Iberian private equity firm based in Madrid, which manages around €1bn of AUM and has made 34 investments since inception. The firm is currently investing via its fourth fund, MCH Iberian Capital Fund IV, which held a €350m final close in 2017 May.
MCH's investment team, consisting of 20 managers, is led by four senior partners: Jaime Hernández Soto, José María Muñoz, Andrés Peláez and Ramón Núñez.
According to a statement, the strong alignment between Eurazeo PME - the mid-cap investment division of Eurazeo - and MCH will strengthen Eurazeo's network across its asset classes, boost its geographic expansion and enhance the value created for portfolio companies, shareholders and limited partners.
This partnership is a new step towards Eurazeo's long-term ambition to grow its international network, following the GP's acquisition of Idinvest Partners, valued at €310m, in February 2018. Following the merger, Eurazeo reached AUM of €17bn, including nearly €11bn from third parties, invested in more than 300 companies.
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