Miura Partners, a Spanish private equity firm with offices in Barcelona and Madrid, has held the final close of its fourth flagship fund, Miura Fund IV, at its hard cap of €475m taking the firm’s fundraising so far this year to over €800m.
In addition to Fund IV, the firm raised €135m for its debut Impact fund, and €200m for Dent&Co a single asset continuation fund established to support continued growth in portfolio company Proclinic Group.
The three fundraises garnered strong support from both new and existing investors including commitments from institutional LPs across Europe, North America and Asia.
Fund IV is 44% larger than its €330m predecessor and attracted over €259m of commitments from investors new to the Miura platform. Fund IV will build on Miura’s long history of partnering with family-owned businesses and SME’s in niche industries across Spain and Portugal.
Investing equity tickets ranging from €20m to €50m plus co-investment, the Fund IV aims to acquire controlling stakes in well-established sectors where Miura has strong expertise, including healthcare, education, business services, consumer goods and industrial niches. The strategy seeks to drive replicable transformation through consolidation, internationalisation and organic strategic initiatives.
Fund IV has already invested in two companies: Serpis-Cándido Miró, the Spanish leader in the distribution of branded and unbranded olives; and Proclinic Group, a leading specialised dental distributor in Spain and Europe; alongside Dent&Co.
Miura Impact Fund, the firm’s inaugural impact vehicle, established to invest in small caps targeting the sustainability megatrend in three impact themes: Healthier Lives, Thriving Communities and Regenerative Planet. The fund invests equity tickets ranging from €5-15 million plus co-investment into high growth businesses. It benefits from a dedicated, diverse team specialising in impact investing, KPI measurement and reporting with full support from the Miura platform.
MIF has invested in four businesses to date: Tierra, Spanish leader in the creation and maintenance of sustainable green spaces; Wikiloc, leading navigation software and community platform for outdoor activities; GasN2, producer of energy efficient onsite industrial gases; Bianna, multinational leading technologies for waste treatment and waste-to-energy/value.
