Talde launches €100m debt fund

Talde is currently managing its evergreen vehicle Talde Promoción y Desarrollo and the growth capital fund Talde Capital Crecimiento, which held a final close on €100m in 2016.

The Bilbao-based GP is very active in the province of Biscay, where it has recently acquired a majority stake in Spanish electronic components manufacturer P4Q Electronics and has invested in Tegor Group, a Spain-based manufacturer of cosmetic and nutrition products.

Investors
Talde expects to attract capital from investors based in the provinces of Biscay and Alava, as well as international pension funds, insurance companies and family offices.

Investments
Talde Deuda Alternativa intends to invest between €5-15m in 7-12 European SMEs that have consistent cash generation, in order to provide financing for their consolidation, growth, international expansion and buy-and-build strategies. It will deploy senior, subordinated and convertible debt as well as participative or hybrid loans with five- to seven-year maturities.

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• Topics
• Funds
• Debt
• Southern Europe
• Spain