
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).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater