Alantra PE teams with Partners Group to launch secondary vehicle for Alantra PEF II portfolio

Date 8 October 2018

Type Alternative Asset Management

Madrid, 08 October 2018 – Alantra’s PE division announced today that it has completed the transfer of the remaining portfolio of Alantra PEF II to a new secondary vehicle. The secondary transaction was led by Partners Group, a global private markets investment manager acting on behalf of its clients, which structured a liquidity solution for exiting investors in Alantra PEF II.

Alantra PE consolidates the successful track-record of Alantra PEF II with a 2.0x return to investors. In addition, this secondary transaction highlights the strengths of the remaining portfolio assets and shows confidence in Alantra’s team to foster the continued growth of the three companies.

The three remaining companies are orthopedic prosthesis distributor MBA, audiovisual services Grupo Secuoya and electronic locking company Salto, all of which will continue to be managed by the Alantra PE team. Prior to the launch of the new vehicle, Alantra PE already completed six exits in the portfolio of Alantra PEF II, the last two being Spanish private telecommunications Group Tryo and Portuguese edge band manufacturing company Probos.

This transaction represents a win-win for all Alantra PEF II investors, both for those who opted for liquidity and those that rolled over their commitments into the new Partners Group-led vehicle in order to participate in the future value creation of the remaining three assets.

This is one of the few secondary transactions completed in the Spanish private equity market to-date and highlights Alantra PE’s successful track record of actively supporting the internationalization of Iberian mid-market companies.

KWM acted as legal advisor of Alantra.

One of the preeminent Private Equity firms in Iberia

This success further consolidates Alantra PE as one of the leading private equity firms in Iberia, having completed six investments for its latest fund, Alantra PEF III, out of which five have been completed in 2018. The Fund, one of the largest raised in Spain since the beginning of the crisis ( €450Mn), has been invested almost at 50% of its capacity.

Alantra PEF III portfolio includes MD Moldes (Portuguese moulds manufacturer for automotive industry), Monbake (#2 player in the Spanish frozen bread and bakery industry), Unión Martin (seafood producer specialised in octopus), ROQ (vertically integrated manufacturer of machinery for the textile printing industry), Hiperbaric (global leading manufacturer of high pressure processing equipment for the food industry) and Ingenium (Spanish leading provider of technology platforms for Mobile Virtual Network Operators globally).

Moreover, this year, Alantra PE was awarded with the Best Large Market Deal of the year by Ascri, Deloitte and IESE, for the sale of Berlys (Panasa) to Ardian, delivering a 3.3x return to investors.