The financial services company Inveready, a member of CATALONIA.HEALTH, has successfully completed the fundraising of its second private equity fund, Inveready Innvierte Private Equity II, and formalizes the first two investments of the same fund with the acquisition of a share in Avatel Telecom and the investment in Tekman Education.
Inveready Innvierte Private Equity II, the company's second fund, was created with the objective of investing in small and medium-sized companies with high growth potential through a combination of majority, minority and flexible capital structures. Inveready's first fund has been positioned in the top quartile in performance as one of the best performing funds in the sector, which has encouraged the launch of this new successor fund.
The investment capacity of the new funds is more than 500 million euros, all already fully committed between existing investors and the strategic participation of CDTI, the innovation agency of the Ministry of Science, Innovation and Universities. CDTI will invest through its SICC Innvierte, which seeks to promote business innovation by supporting venture capital investment in technology-based or innovative companies.
Inveready Innvierte Private Equity II will have a flexible approach allowing for equity investments or hybrid structures, adapting to the needs of each company and type of transaction, carrying out both minority and majority transactions that include the provision of resources to finance organic and inorganic growth, as well as the sale and purchase of participations.
Josep Maria Echarri, CEO of Inveready, explains that "In 2019 we chose to propose an innovative approach to the private equity segment, leveraging our experience of more than 15 years in minority funds and hybrid instruments, creating an ad hoc solution to each transaction, and having as a common denominator with the rest of the investments made by Inveready the support to entrepreneurs and companies with ambition of leadership in their respective sectors. The support of existing investors in this new fund, and the incorporation with reference partners that share this vision, as is the case of CDTI, will allow us to reach a wider market range of companies in the Iberian Peninsula".
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