GED holds €100m first close for sixth fund

The fund was launched at the beginning of March with a €175m target.

Its predecessor, GED V España, which held a final close on €150m in December 2017, is now fully deployed across seven companies (Procubitos Europe, Discefa, Araven, GTT, Vitro, Enso and Eliance) and 12 bolt-ons. 

Investors
The vehicle's LP base is mainly composed of Spanish and international institutional investors, primarily insurance companies, pension funds and family offices. All LPs from GED V España re-upped in the new fund.

Investments
GED VI España plans to make 8-10 investments in Spanish small and medium-sized companies with high growth potential, operating in manufacturing and industrial sectors, and generating EBITDA in the €3-7m range.

It will deploy equity tickets between €15-20m to acquire primarily majority but also minority stakes via buyouts and growth capital deals.

People
GED Capital – Enrique Centelles Satrústegui (managing partner).

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