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Private capital smashes all records in the first quarter with 5,580 million invested

MADRID, 18 Jul.

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Private capital smashes all records in the first quarter with 5,580 million invested

MADRID, 18 Jul. (EUROPA PRESS) -

Private capital in Spain has broken all records in the first quarter of the year, closing with 5,580 million euros invested, which is 130% more than the 2,429 million in the same period of 2021 and 51% more than the previous record 3.7 billion in 2019, according to Capital estimates

In the first six months of the year, 11 operations were completed for more than 100 million, four more than in the same period of the previous year, with transactions such as those of Uvesco, Gransolar and Generalife, all above 400 million.

CVC's entry into LaLiga Impulso leads the ranking by operations with 1,994 million euros invested, followed by Carlyle's purchase of Altadia Group for more than 1,900 million and Cinven's reinvestment in Ufinet Latam for some 1,240 million.

Despite these figures, the sector calls for caution, since the Spanish 'middle market' has reduced its activity "considerably". The report maintains that a progressive brake on its transactional activity has been seen as the weeks of the semester progressed.

In any case, "everything seems to indicate that 2022 will close pulverizing all the records in terms of the number of 'deals', investment, divestment and fundraising," according to the report.

International private equity managers "have set the pace again" by "considerably" increasing their weight in the volume invested in the Spanish market, which already exceeds 90% of the total.

By type of operation, the 'buyouts' once again win the game by volume invested, with some 2,613 million euros in 39 operations, which represent 46.8% of the total invested by private equity throughout the semester.

Venture capital is once again one of the main protagonists of the semester, with 1,638 million euros invested in the sector, which represents 29.4% of the total analyzed by Capital

Divestments have also closed the semester with records: 46 'exits' have been closed, totaling 11,717 million 'deal value', 286% more than the 2,980 million in the same period of 2021.

Portobello Capital, Miura Partners and Magnum were once again the most active Spanish funds, while Carlyle, Cinven, HIG and KKR stood out internationally. By sectors, the report highlights investment in restaurants, leisure, or the retail industry, absent during the health crisis.