Onza Capital holds first close

The vehicle is thought to have a target of €25m. A final close is expected in the coming months.

Onza was launched in December 2013 by former executives of Spanish audiovisual company Vértice 360, backed by HIG Europe. In 2012, the GP took a 49.99% stake in the firm for €16m, marking the first deal completed from HIG's Madrid office.

Onza Capital is part of Grupo Onza, which has a further four business areas: Onza Entertainment, an entertainment promotion company; Onza Distribution, a content distribution firm; Onza Communication, a strategic marketing company; and Onza Partner, an advisory company.

Investors
Onza is understood to be targeting the European Investment Fund and Spain's Fondo ICO Global for further commitments.

Investments
The investor will back 10-12 companies in the mobile and internet sectors. Onza will support the internationalisation of the firms in their initial growth stages.

People
José María Irisarri is one of the founders of Onza Capital.

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