Business · Companies · 3 hrs ago
French investment firm Siparex plans to open a Spanish office
French investment firm Siparex plans to open a Spanish office next year to invest in companies there.
The firm, founded in Lyon in 1977, focuses on medium-sized businesses and has offices in several European cities.
Siparex is looking for a director to lead its Spanish team.
It plans to use its sixth buyout fund, which aims to raise €650 million and has secured an initial €400 million, to make investments in Spain.
The firm has typically invested €20 million to €50 million in businesses with annual revenue of up to €500 million.
The move follows recent office openings in Spain by other French investment firms, and Siparex’s next step is to appoint its local director.
French investment firm Siparex plans to open an office in Spain next year.
The firm is searching for a director to lead the office.
Siparex intends to invest in Spanish companies through its sixth buyout fund.
The fund is targeting about €650 million and has completed an initial closing of €400 million.
Siparex manages €4.5 billion across its investment strategies.
- Who
- French investment firm Siparex.
- What
- It plans to open an office in Spain and invest in Spanish companies.
- When
- Next year.
- Where
- Spain; the office location is not stated.
- Why
- Siparex wants to use its sixth buyout fund to invest in Spain.
This story does not have two clearly opposing sides.
Siparex was founded in Lyon.
The firm is seeking a director for its planned Spanish office and raising its sixth buyout fund.
Siparex plans to open its Spanish office.
- Assets under management
- €4.5 billion
- Sixth buyout fund target
- About €650 million
- Initial fund closing
- €400 million
- Planned office
- Spain, next year