Sherpa Capital invests €20m in Busining
Spanish GP Sherpa Capital has acquired a majority stake in co-working space operator Busining by investing €20m in the company to support its expansion nationwide.
The company's founder, Óscar García Toledo, will retain a significant minority stake in the business and continue to lead the company as CEO.
In addition, Haya Capital, which acted as M&A adviser in the transaction, will make a minority investment.
Sherpa is currently deploying capital from its third fund, Sherpa Private Equity, which recently closed on €150m after a few weeks of fundraising, exceeding its €125m target.
Company
Based in Madrid, Busining specialises in flexible office rental by providing spaces and offices in different locations, meeting and training rooms, common spaces to socialise equipped with amenities, front desks with receptionists, professional back-office teams, and technical and maintenance services.
People
Sherpa Capital – Jorge Fernández Miret (partner).
Busining – Óscar García Toledo (founder, CEO).
Advisers
Equity – Gómez Acebo y Pombo (legal).
Vendor – Gold Abogados (legal); Haya Capital (corporate finance).
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