Eurazeo announces the conclusion of a binding agreement to acquire a strategic interest in MCH Private Equity (“MCH”), a leading Iberian middle market private equity fund manager. Eurazeo will acquire a 25% minority stake in MCH and will also participate as a limited partner into MCH’s fifth fund vintage (“MCH V”) which is expected to be launched in the coming months. The total investmentof Eurazeo in MCH’s management company as well as MCH V’s commitmentis approximately €100m. This partnership is a new step towards Eurazeo’s long-term ambition to grow its international network.
Founded in 1998, MCH is a leading Iberian private equity firm based in Madrid. With almost €1 billion of assets under management, 34 investments made since inception and more than 20 years of experience in the industry, MCH benefits from one of the longest standing and most comprehensive track-records in Southern Europe. The MCH Team, consisting of 20 dedicated investment professionals, is led by four Senior Partners: Jaime Hernández Soto, José María Muñoz, Andrés Peláez and Ramón Núñez.
The strong alignment between Eurazeo PME, the mid-cap investment strategy of Eurazeo, and MCH, combined with the complementarities across their respective local networks of relationships will materially enhance the value created for portfolio companies, shareholders and limited partners. MCH will have access to Eurazeo’s international networksas well as its digital and ESG value creation teams.
The two firms will remain independent, with investment teams focused on their respective funds and domestic markets. Completion is subject to customary Spanish regulatory approval.
Olivier Millet, Member of the Executive Board of Eurazeo and Chairman of the Executive Board of Eurazeo PME, said: “This strategic alliance with MCH fits perfectly with Eurazeo PME’s strategy to become a leading pan-European player in the mid-market. This partnership will continue to strengthen Eurazeo’s network acrossitsasset classes and the geographic expansion of our Group.“
Frans Tieleman, Head of Eurazeo Development,added: “Widely recognized as a reference in the Spanish mid-market, MCH has consistently demonstrated outstanding performance. We are very pleased to partner with MCH’s management team during their next phase of development starting with the upcoming MCH V fundraise.”
Jaime Hernandez Soto and José María Muñoz, Founding Partners of MCH, commented: “Our shared values and philosophy will provide a strong basis for the successes to come for this partnership. This is a key step in MCH development as we continue to grow, with major milestones for the firm in the coming months. We are thrilled to partner up with Eurazeo, which will reinforce both firms’ international reach, influence and capabilities. We are convinced that our two teams, while still operating independently, will provide valuable experience and skill sets to each other to gradually help to build a world-class pan-European platform.”
Eurazeo is a leading global investment company, with a diversified portfolio of €17 billion in assets under management, including nearly €11 billion from third parties, invested in over 300 companies. With its considerable private equity, venture capital, real estate, private debt and fund of funds expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its 235 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo has offices in Paris, New York, Sao Paulo, Buenos Aires, Shanghai, London, Luxembourg, Frankfurt and Madrid. Eurazeo is listed on Euronext Paris.