Nazca establishes its fourth fund, Nazca Fund IV

NAZCA establishes its fourth fund, Nazca Fund IV, un under 6 months and with oversubscription of the target of €250M. NAZCA will complete the fund in December, reaching the “hard cap” of €275M.

The main investors of the previous fund, Nazca Fund III, has reaffirmed its commitment to Fund IV, in which four other top level European institutional investors have also been incorporated.

Nazca Fund IV will continue to invest in medium-sized Spanish companies (sales between €30M and €200M), with proven experience and leaders in their markets. NAZCA is a specialist in associating with families and management teams in national and international growth projects.

NAZCA leads the mid-market segment in Spain both in volume of operations carried out and profitability obtained in its investments. Since 2001, Nazca has carried out 55 transactions: 23 direct investments in companies, 16 additional acquisitions of companies from its investees and 16 divestments.

NAZCA has invested and fully divested Nazca Fund I and Nazca Fund II, with sizes of €100M and €150M respectively. NAZCA currently manages Nazca Fund III of €230M made up of international institutional investors, with a portfolio of 8 companies: Eurekakids (educational toys), Grupo OM (visual communication and merchandising), Agromillora (agroindustry), Gestair (executive aviation), FoodBox (catering), El Granero Integral (organic food), Distribuciones Juan Luna (food) and Caiba (PET containers). The companies from which NAZCA has divested are: Svenson (capillary treatments), Rodilla (fast food), Dibaq (animal nutrition), Unipost (postal operator), Vinartis (wine sector), Lizarrán (catering), El Derecho (legal content), Guzmán (gourmet food), Acens (hosting), Hedonai (medical-aesthetic centres), Elogos (e-learning), Fritta (ceramic inks and enamels), Autor (outdoor advertising), Grupo IMO (medical oncology services) and Logifrío (logistics specialised in cold storage).