Enthusiasm for Iberian markets has returned lately, with some international investors in the audience of a recent industry conference citing Spain as the most attractive target for private equity. The government’s structural reforms have reassured GPs that growth will return and, for those investors brave enough to take a long-term view, that is enough to convince them to take the plunge.
Belgian GP plans to back the company, according to a document by the Dutch competition authority
Fresh capital will be used to accelerate Funnel's operations in the US and invest in its technical teams
MACSF co-invested with the GP in a spin-off from Voalcom Group, an Apax Partners portfolio company
Transaction is said to value the company at £600-700m