ProA Capital holds €475m final close for third buyout fund

The fund, launched in September 2018, is larger than its predecessor, ProA Capital Iberian Buyout Fund II, which hit its €350m hard-cap in September 2015.

Park Hill advised ProA Capital on the fundraising process.

Investors
The fund’s LP base includes Spanish and international pension funds, insurance companies, banks and funds-of-funds.

Investments
Proa Capital Iberian Buyout Fund III plans to make 8-14 investments in mid-market companies operating in the consumer, pharmaceutical, industrial, chemical, service and tourism sectors, with enterprise value between €20m-€250m and high potential for growth and internationalisation. The fund will deploy equity tickets in the range of €10-60m and will be able to invest up to 25% of its capital in companies based outside Spain.

People
ProA Capital - Fernando Ortíz (managing partner).

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