Alantra buys stake in VC firm Asabys Partners

As part of the agreement, Alantra will invest in the first vehicle of Asabys, Sabadell Asabys Health Innovation Investments, which was launched this year with a €70m target and has raised €60m so far.

Led by managers Josep Sanfeliu and Clara Campàs, Sabadell Asabys Health Innovation Investments has made three deals across Europe this year. The vehicle's LP base includes Banc Sabadell as anchor investor, FondICO Global and Institut Català de Finances (ICF), as well as various Catalan families, high-net-worth individuals and international investors.

Alantra intends to support the search for new investors aimed at increasing the size of the fund to exceed €80m. In addition, the GPs plan to launch new vehicles targeting the life sciences and health sectors in the coming years.

This is the first transaction made by the venture capital arm of Alantra, which was established and is led by managing partner Ana Segurado, a former managing director of open innovation at Telefonica.

Over the past seven years, Alantra has pursued an acquisitive growth strategy bolting on Mercapital, Brewin and Singer, Catalyst Corporate Finance, Swiss Capital, CW Downer, Landmark Capital and more recently buying a stake in French funds-of-funds manager Access Capital Partners. Alantra now has total assets under management of €11bn, a presence in 21 countries and a staff of 400 across Europe, Asia and the Americas.

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• Topics
• GPs
• Southern Europe
• Alantra
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