ProA Capital has launched its third buyout fund, ProA Capital Iberian Buyout Fund III, according to public documents filed by the company with the Spanish regulator, Comisión Nacional del Mercado de Valores (CNMV).
GP takes a minority stake in the IT service, while the management team remain on board
Existing investors E.Ventures and Heartcore also participate in the funding round
Transaction involves four remaining assets, including Genesys, eDreams and Asia Broadcast Satellite
Existing investors Velocity Capital, Industrifonden and Frumtak also participate