Aurica raises EUR 170m for fourth growth fund

The fund will take minority stakes in medium-sized companies with an EBITDA of around EUR 4m and strong growth plans. 

Aurica Growth Fund IV is a small upsize on its predecessor, Aurica III, which closed in December 2017 at EUR 160m.

It is the first fundraise for the firm since management acquired a minority stake in the firm in May last year.  

Investors
Spanish multinational bank Banco Sabadell, which owns 20% of Aurica, has committed EUR 40m with the Institut Català de Finances (ICF) contributing EUR 15m, the GP told Spanish press. The balance is mainly local family offices. 

The GP is still looking to raise around EUR 100m from international LPs, as reported. 

Investments
Aurica III made its first exit in November, selling its stake in Spanish solar tracker STI Norland to US-based Array Technologies for EUR 600m, as reported, just two years after it acquired 41.5% of the company. 

In terms of sectors, the Aurica IV will focus on energy, agriculture, tourism, digitisation and telecommunications, as reported. 

It will deploy tickets of between EUR 15m - EUR 40m, which could be doubled through co-investments from LPs, as reported. 

People
Aurica Capital - Ferran Conti, Iván Plaza (partners).

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• Funds
• Southern Europe
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