Spanish buyout specialist, Nmas1 has reached a final close on its second fund, Nmas 1 Private Fund, its first to target international investors. The fund has raised €175 million surpassing its original target of €150 million. The fund will co-invest with Dinamia, a €154 million investment trust managed by Nmas1 providing the group with €329 million available for investments.
The fund secured commitments from European and US investors including Access Capital, Allianz Private Equity Partners, General Electric Pension Fund, LGT Capital Partners and a number of Spanish institutional investors.
The team will be targeting investments of between €12 million and €40 million co-investing with Dinamia in companies valued at between €30 million and €150 million in Spain and Portugal. The main focus will be on buyouts. Expansion capital opportunities will also be considered.
Jorge Mataix, managing director of Nmas1 said: “We are very pleased to have exceeded our target for the fund with the support of such high quality investors. The fund raising has been achieved over a relatively short period in what is a challenging fund raising environment. The Spanish private equity market is still less developed than certain other markets in the US and Europe and therefore we believe that there remain significant opportunities for investment.”
Campbell Lutyens acted as financial advisor and global placement agent. Clifford Chance provided legal advice.<