Business · Companies · 1 day ago
Stellum seeks up to €460 million for three new investment funds
Stellum Capital, a private equity firm based in San Sebastián, plans to raise up to €460 million through three new funds.
Its second growth fund is expected to launch next year and aims to raise €200 million to €250 million.
The other funds will focus on food and technology, and on start-ups, with targets of up to €150 million and €60 million.
Together, the funds could bring the firm’s assets under management to about €650 million to €700 million.
Stellum has so far focused on the Basque Country and Navarra, and now plans to look for investments in Portugal and southern France as well.
The firm says it wants companies to grow while keeping their decision-making and leadership in the places where they are based.
Stellum also plans to seek funding for its growth fund through an ICO programme for investment funds.
Stellum Capital plans to raise up to €460 million through three new investment funds.
The funds are expected to bring the firm’s assets under management to about €650 million to €700 million.
The largest fund, Stellum Growth II, is due to launch next year and aims to raise €200 million to €250 million.
The other two funds will focus on food and technology, and start-ups, with maximum targets of €150 million and €60 million.
Stellum plans to explore investment opportunities in Portugal and southern France while keeping the decision-making centres of its portfolio companies where they are.
- Who
- Stellum Capital, a San Sebastián-based private equity manager backed by the Artizarra Foundation.
- What
- It plans to raise up to €460 million across three funds.
- When
- The funds are being raised or planned for launch in the coming months; Stellum Growth II is due to launch next year.
- Where
- The firm is based in San Sebastián and plans to explore opportunities in Portugal and southern France.
- Why
- The funds are intended to support investment in growth companies, food and technology businesses, and start-ups.
This story does not have two clearly opposing sides.
Stellum plans to raise up to €460 million across three new funds.
Stellum plans to launch its second growth fund, with a target of €200 million to €250 million.
- Total fundraising target
- Up to €460 million
- Growth II target
- €200 million to €250 million
- Food & Tech II maximum target
- €150 million
- Easo Ventures III maximum target
- €60 million
- Expected assets under management
- About €650 million to €700 million
What people are saying
We would like Growth II to be between €200 million and €250 million.
We are closer to Bordeaux than to Madrid.
For us, rootedness means ensuring that the decision-making centre, the managers and the executive team remain where the company is, and that from there it can buy a foreign company or open a factory abroad.
It is not a race for size, but a natural evolution.
Sources
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