PRIVATE EQUITY IN IBERIA

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PRIVATE EQUITY IN IBERIA

We look at the latest statistics surrounding private equity in Iberia, using data from Preqin’s Private Equity Online, including fundraising,
assets under management, investors and deals.

€10bn 36% 28% 33%

Capital raised by Iberia-based of Iberia-based capital raised of private equity-backed of venture capital financings in
private equity fund managers since 2008 has been raised by buyout deals in Iberia since Iberia since 2008 have been in
since 2008. buyout funds. 2008 have been in the the internet sector.
industrials sector.

Top Cities for Private Equity Investors and Fund Managers in Iberia:

PAMPLONA
4 FRANCE

PORTO ZARAGOZA
BILBAO
6 2
4
2 BARCELONA
3
41
PORTUGAL

13
SPAIN

MADRID
VALENCIA
73
LISBON 3
28
3
31
11 No. of Fund Managers
No. of Investors

Fig. 2: Iberia-Based Private Equity Fundraising as a Proportion

Fig. 1: Iberia-Based Private Equity Fundraising, 2008 - 2017 YTD of All Europe-Based Fundraising, 2008 - 2017 YTD (As at April
(As at April 2017) 2017)
25 12%
11%
21
19 10%
20
9%
Proportion of Total

8% 8%
15 14 14 7% 7% 7%
13 6%
12 12 6% 6% 6% 6%
11 11
10
4% 4%
3%
3%
5 4 2% 2%
2% 2% 1% 2%
2.1 1%
1.3 0.9 1.3 1.3 1.2 0.6 1%
0.4 0.5 0.4
0 0%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
YTD YTD
Year of Final Close Year of Final Close
No. of Funds Closed Aggregate Capital Raised (€bn) No. of Funds Closed Aggregate Capital Raised
Source: Preqin Private Equity Online Source: Preqin Private Equity Online

1 © 2017 Preqin Ltd. / www.preqin.com

 PRIVATE EQUITY IN IBERIA
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Fig. 3: Five Largest Iberia-Based Private Equity Funds in Market (As at April 2017)
Fund Firm Target Size (mn) Type Headquarters Geographic Focus
Altamar Global Secondaries IX Altamar Private Equity 500 EUR Secondaries Madrid, Spain Europe, North America
Magnum Capital II Magnum Industrial Partners 500 EUR Buyout Madrid, Spain Iberia
Arta Capital II Artá Capital 400 EUR Balanced Madrid, Spain Iberia
MCH Iberian Capital Fund IV MCH Private Equity 300 EUR Buyout Madrid, Spain Iberia
Fondo Nazca IV Nazca Capital 250 EUR Balanced Madrid, Spain Spain
Source: Preqin Private Equity Online

Fig. 4: Top Five Performing Iberia-Based Private Equity Funds (Vintage 2000 - Present)
Fund Size Geographic Net IRR Date
Fund Firm Vintage Type Headquarters
(mn) Focus (%) Reported
Venture Capital
Seaya Ventures Fund Seaya Ventures 2013 57 EUR Europe Spain 81.8 Dec-16
(All Stages)
Qualitas Fund II Qualitas Equity Partners 2006 100 EUR Buyout Europe Spain 22.6 Jun-16
Altamar Secondary
Altamar Private Equity 2009 65 EUR Secondaries Europe Spain 16.4 Sep-16
Opportunities Fund IV
ProA Capital Iberian
ProA Capital 2008 250 EUR Buyout Europe Spain 16.1 Mar-16
Buyout Fund I
Altamar Secondary
Altamar Private Equity 2013 150 EUR Secondaries Europe Spain 15.8 Sep-16
Opportunities VII
Source: Preqin Private Equity Online

Fig. 5: Iberia-Based Private Equity Assets under Management, Fig. 6: Private Equity Investors by Type: Iberia- vs. Rest of
2000 - 2016 Europe-Based Investors
14 100% Other

90% Public Pension Fund

12
Assets under Management ($bn)

80% Corporate Investor

10
Proportion of Investors

70% Investment Company

Dry Powder
8 ($bn) 60% Insurance Company
50% Government Agency
6 Unrealized
Value ($bn) 40% Asset Manager
4 30% Private Sector Pension
Fund
2 20% Fund of Funds Manager
10% Bank/Investment Bank
0
0% Family Office
Jun-16
Dec-00
Dec-01
Dec-02
Dec-03
Dec-04
Dec-05
Dec-06
Dec-07
Dec-08
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15

Iberia-Based Europe (excl. Iberia)-

Investors Based Investors
Source: Preqin Private Equity Online Source: Preqin Private Equity Online

Fig. 7: Iberian Private Equity-Backed Buyout Deals, 2008 - 2017 Fig. 8: Iberian Venture Capital Deals*, 2008 - 2017 YTD (As at
YTD (As at April 2017) April 2017)
100 7 180 450
90 160 400
6
80
Aggregate Deal Value (€mn)
Aggregate Deal Value (€bn)

140 350
70 5
120 300
No. of Deals

No. of Deals

60
4 100 250
50
3 80 200
40
60 150
30 2
20 40 100
1
10 20 50
0 0 0 0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
YTD YTD
Spain Portugal Aggregate Deal Value (€bn) Spain Portugal Aggregate Deal Value (€mn)
Source: Preqin Private Equity Online Source: Preqin Private Equity Online
*Figures exclude add-ons, grants, mergers, secondary stock purchases and venture debt.

2 © 2017 Preqin Ltd. / www.preqin.com