Diana Capital buys 40% of Gocco

The transaction is the first completed via the GP's latest fund, which held a first close on €100m in 2011 and was one of the first to receive the backing of government-backed fund-of-funds Fondo ICO. The vehicle is expected to back a further three companies this year.

Under Diana's ownership, the company intends to consolidate its presence in the Spanish market and boost its international expansion plans. The GP will also focus on strengthening the company's financials.

Company
Founded in 2000 and based in Madrid, Gocco is a children's clothing company. The company began its international expansion in 2005 and has more than 250 shops in 15 countries. Gocco currently employs 590 staff and achieved a turnover of €38m in the year ending February 2013.

People
Francisco Gómez-Zubeldia is vice president and managing director at Diana.

Advisers
Company – Montalbán Atlas Capital (Corporate finance).

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• Topics
• Southern Europe
• Expansion
• Consumer
• Spain