Executive Asterion Industrial Partners It completed the largest private equity fund in the history of Spain. The investment firm has received approval from the National Securities Market Commission (CNMV) to build its third vehicle, which aims to be on the market between 2017 and 2019. 3,200 and 3,600 million eurosa figure never seen before in the industry.
According to the introductory brochure submitted to the regulator, the vehicle will invest in four sectors: energy infrastructure, energy-related services and materials, telecommunication And mobilityFrom a pan-European perspective, however We focus on Spain and PortugalIt will allocate 60% of the capital between 1,920 and 2,160 million euros.
Behind Asterion Industrial Partners Prominent executives with past ties to North American giant KKR: Jesús Olmos Clavijo, the firm’s former director of global infrastructure and previously general manager of Corporate Development at Spanish company Endesa. Founding partners include Winnie Wutte and Guido Mitrani.
Asterion’s new vehicle, Asterion Industrial Infrastructure Fund IIIIt will be the third company they have launched, with Deloitte serving as auditor, King & Wood Mallesons as legal counsel and BBVA as custodian. HE second fund raised in February 2022Just two years ago, it raised 1.8 billion euros from 44 international organizations, exceeding the initial target size by 450 million. On this occasion, the target size will be 3.2 billion and the maximum amount they will accept will be 3.6 billion euros.
Features of the new registration fund
Only institutional investors and family or personal assets of a “specific entity” will invest in this venture capital fund because The minimum capital they accept is ten million euroshowever, Asterion reserves the right to accept lower subscriptions. Vehicle life is ten years When they reach the first closing standard in this industry.
Lower Will invest mainly in the UK, Spain, Portugal, Italy and FranceIt will seek “opportunistic” acquisitions in Germany, Belgium, Luxembourg, the Netherlands, Finland, Sweden, Denmark, Norway, Iceland and the rest of the European Economic Area. Despite the enormous list of countries, you will have more than 60% exposure to the Iberian Peninsula, never investing more than 40% in one country, leaving the door open to investing 15% of capital in non-European jurisdictions. .
According to the document sent to the regulator, Asterion Will invest between 150 and 300 million euros per companyProvided that their value is less than 1,000 million euros. The instrument cannot allocate more than 15% of its capital to publicly traded companies and no more than 50% to a single sector of such companies.
Asterion investments in Spain
Led by Jesús Olmos Clavijo, the manager’s operations in Spain have a long history. Bought 75 percent of it in the middle of last year SSG GroupIt is the operator of more than 1,300 ambulances in our country. Bought half a year ago Parkis an urban mobility platform that mainly focuses on the integration and operation of outdoor parking. Among the first acquisitions, the following acquisitions stand out: Eleven Nabiax data centers with 29 megawatts (MW) power supply located in Spain, the United States, Brazil, Mexico, Chile, Peru and Argentina, or cable worldFiber network provider in southeast Spain;