Abante Asesores Gestión has launched European Beauty Services FCRE, S.A., its new European venture capital fund (FCRE), authorized by the National Securities Market Commission (CNMV) and registered in accordance with Regulation 345/2013. The vehicle is born with a target size of €50 million and a maximum size of €75 million, with the aim of investing in one of the fastest-growing segments of the consumer sector: aesthetic clinics, beauty centers, laser hair removal, natural therapies, and the distribution of cosmetics and specialized equipment.

With this launch, Abante enters a sector that is not commonly explored within the traditional financial industry, offering its investors an innovative vehicle that seeks to generate returns close to double digits (8%) and is supported by a clear industrial strategy and an advisory team with proven experience in the field.

A focused and flexible strategy

The fund will invest primarily in European companies operating in the beauty, aesthetics, and wellness sectors. It may also allocate capital — as permitted by its prospectus filed with the CNMV — to companies in consumer goods, industrial goods, healthcare, and professional services, without additional sectoral or geographical restrictions.

According to its information memorandum, the Company commits to allocating at least 70% of committed capital to eligible investments, following defined criteria of responsible investment and excluding illegal or reputationally questionable activities.

The vehicle has an estimated duration of 25 years, with an investment period of 10 years, extendable under certain circumstances.

Adapta Capital will act as investment advisor

To strengthen its sector-specific analytical capabilities, Abante has signed an advisory agreement with Adapta Capital, a firm led by Roger Vidal and Fernando Castillo.

  • Roger Vidal, former partner at Boston Consulting Group and former Google executive, participated in the launch of Google Shopping in Spain.
  • Fernando Castillo has worked at Greenpark Capital (London) and at Credit Suisse (New York and Mexico), with extensive experience in private equity and investment banking.

Adapta Capital already has direct experience in the sector through Elha, a laser hair removal chain founded in Girona, which now has nearly 100 centers and more than 250,000 clients across Catalonia, Madrid, and the Levante region. The firm will support Abante in the identification, analysis, structuring, and monitoring of the fund’s investments.

Regulatory and operational structure

European Beauty Services FCRE, S.A. has the following structure, as set out in the prospectus registered with the CNMV:

  • Management Company: Abante Asesores Gestión, S.G.I.I.C., S.A.U., registered with the CNMV under number 194.
  • Depositary: BNP Paribas S.A., Spanish Branch.
  • Legal advisor: Cuatrecasas.
  • Auditor: PricewaterhouseCoopers Auditores, S.L. (PwC).

The fund includes differentiated share classes (A, B, and C), a distribution waterfall based on predefined priority rules, and a fee structure aligned with market standards.

Abante’s tenth private equity fund

European Beauty Services becomes Abante’s tenth private equity vehicle, adding to an existing platform that includes funds in renewable energy, infrastructure — in partnership with Mapfre — and foodtech, advised by McWin Partners.

This launch follows the agreement reached earlier this year for the integration of Atl Capital, through which Abante now surpasses €16 billion in assets under advisory, serves more than 17,000 clients, and has a team of over 400 professionals, 200 of whom focus directly on financial advisory.

About Abante

Abante is an independent financial advisory and asset management group with over two decades of experience supporting private investors, institutions, and high-net-worth individuals through a comprehensive offering focused on financial planning and long-term investin

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