Real estate group Pinar has sold 18% of its shares to Warburg Pincus for an undisclosed sum. After the transaction, the company's founding family will hold 55% of the company, while other shareholders Caja de Avila and Caja de Segovia will hold a 10% stake each and bank Caja del Círculo Católico de Burgos will retain a 6.89% shareholding. Pinar was established in 1980 and centers its business in residential and holiday developments. It reached consolidated revenues of EUR 236.2 m in 2005.
Arcus could increase its share to a majority stake in future, the GP said in a statement
Finnish venture capitla firm Maki.vc has led a €1.5m funding round for Helsinki-based financial analytics provider Calqulate.
Advanz Pharma initially hired Jefferies to advise on a sale process in October 2020
Company has also received €1.4m in venture loans and soft money from the Danish Growth Fund and Innovation Fund Denmark