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MADRID, 23 Ago. (EUROPA PRESS) -
Alantra Partners has completed the acquisition, after obtaining regulatory authorizations, of 24.49% of the pan-European manager Access Capital Group from OP Financial Group for a cash payment of around 24.5 million euros, which means increasing its participation to 48.98%, as notified through a communication to the National Securities Market Commission (CNMV).
In December 2018, the firm communicated its intention to acquire 48.98% of Access in two phases: a first in which it would acquire 24.49% through the acquisition of shares in the company, and another which, by virtue of cross call and put options, would allow it to acquire another 24.49% in 2022.
The first phase was formalized in April 2019 for a cash price of 19 million euros, while the second has just been executed for approximately 24.5 million. In this way, Alantra has disbursed around 43.5 million euros to acquire 48.98% of the manager. The executive partners of Access Capital Group hold the remaining 51%.
Alantra explains that this investment is a "new step" in its goal of becoming a "diversified" and "pan-European" asset manager, with a range of investment strategies in seven asset management classes (private equity, active funds, debt, infrastructure, real estate, energy transition and technology).
Access has 90 employees in six European countries and has reached aggregate commitments from investors amounting to more than €13 billion in private equity, infrastructure and debt through funds of funds, co-investment vehicles and solutions tailored to its clients.
In 2021, the company raised more than €750 million through its different strategies and completed the raising of a €814 million fund-of-funds vehicle ('Access Capital Fund VIII Growth Buyout Europe').
As of June 30, 2022, the assets under management of the Alantra Group's consolidated businesses reached 2,200 million euros, while the assets managed by its strategic partners (businesses in which the firm has a significant stake) amounted to €13.7 billion.
