Aurica creates venture capital fund and company specializing in mid-caps

Cuatrecasas has advised Aurica Capital Desarrollo SGEIC S.A. on incorporating Aurica Growth Fund IV—a venture capital fund and company—whose investment policy will specialize in taking minority stakes in mid-cap companies with an EBITDA of at least €5 million, and that seeks to invest €250 million.

This fund is the first to be launched by the firm in its new phase as an independent private equity manager, following its change of shareholding, where Banco de Sabadell is no longer the majority shareholder and now holds 20% of the total shares, while the remaining 80% is held by the management team. This transaction places Aurica Capital Desarrollo on track to its goal of raising €250 million for the fund, which will enable it to continue and increase its investment capacity.

The Cuatrecasas team of lawyers advising on the transaction was formed by Jorge Canta, Guillem Martínez and Edvinas Kiskis.

Jorge Canta, the supervising partner leading the advisory services, highlighted the importance of this milestone for Aurica and its consolidation as the leading private equity manager in Barcelona.