Corpfin Capital sets sights on €200m for first fund since 2006


spain_flag2_170sqSpanish private equity firm Corpfin Capital is reportedly planning to re-enter the fundraising market after a seven-year absence by targeting €200m.

The fund target, which was reported by PEI, is down on the €223m the firm gathered for its third vehicle in 2006.

It said Corpfin planned to hold an €80m first close by the end of the year, citing several sources familiar with the matter.

Corpfin III is still in its investment phase according to the firm’s website, which shows it has only been tapped for two deals since the start of 2011.

They were the purchase of a 68 per cent stake in pet product maker Kiwoko and a 68 per cent share of ICT project business Acuntia.

Corpfin has been working with private equity investments since 1990, targeting Spanish companies with growth potential and a solid business base.

The firm says it invests up to €33m per deal, which can rise to more than €50m through potential co-investments with LPs.

It said it generally targets businesses with EBITDA of between €4m and €20m, but is flexible about making deals above or below those limits.

Corpfin Capital also boasts a real estate arm launched in 2009 and a venture capital operation in partnership with Cabiedes & Partners, which focuses on seed and startups in Spanish internet companies.

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