Deals

The Spanish real estate specialist, which is currently in market targeting €125m for its debut private equity fund, has acquired a majority stake in gastronomy business Sosa Ingredients.

The oversubscribed fund, raised by alumni from Brazos Private Equity Partners, reflects the importance of a track record and team experience when raising a debut private equity fund.

H1 deal volumes are on a par with 2015 despite uncertainty caused by the EU referendum, but in H2 the number of deals are ‘likely to be lower’.

The firm has received a new commitment from the New Mexico State Investment Council.

The sale of Fidor comes after the firm offloaded six European assets earlier in the year in a direct secondaries transaction worth €96m.

Private equity industry service providers said that post-‘Leave’ vote, the economic future of Great Britain looks promising for buying assets but challenging for selling them.

Canada’s PSP Investments, which will acquire a minority stake in Israel-based furniture maker Keter, said in June that it had bought a 'significant minority interest' in BC Partners-owned Allflex.  

The sale comes as the Bahraini firm, led by Mohammed Mahfoodh Al Ardhi, embarks on its ambitious growth plan.

The London-based firm is currently in market with its eighth flagship fund, targeting €1.6 billion.

The giant fund is following in Carlyle’s footsteps, taking a minority stake in the luxury coat maker.