Inaki Echave has left 3i's London office to join Magnum Industrial Partners, a Spanish buyout firm recently launched by ex Santander Angel Corcostegui. The firm has begun the fundraising for its first fund, capped at EUR 750m. Echave's work at 3i included the buyout of Chorion PLC last February, a UK-based intellectual property group that owns the rights to Agatha Christie's work amongst others. The investment director is understood to have left 3i because he wanted to move back to Spain.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater