MCH Private Equity, the Spanish private equity firm, is about to embark on another round of fundraising. The Madrid based firm expects to begin raising money for its second fund in the next couple of months.
MCH is aiming to raise €200m for investment in Spain and Portugal and will be targeting mainly US and European institutions for the fund. It will focus primarily on mid market buy-outs and capital expansion deals with bias on growth and consolidation sectors.
If MCH achieves its targets, the new fund will be twice the size of MCH’s first fund of €100m, raised in the late 1990s. Since 1999, €65m has been invested from the MCH Iberian Capital Fund, with 14 companies in the portfolio.
MCH Private Equity was set up in 1998 by two partners, José-Maria Muñoz and Jaime Hernandez-Soto. Muñoz worked previously at McKinsey, while Hernandez-Soto comes from a banking background. He has worked for Lazard Freres in France, Banco Santander de Negocios in Spain, as well as private equity house, Grucycsa. Currently MCH has a professional team of eight people.
José María Muñoz commented: “Although it is true that there are plenty of funds available for investment in Europe, we still think that there are enough good opportunities in the middle market in Spain so that teams, such as ourselves, with strong focus on proactive origination can find attractive transactions.”