• Miura Fund IV closes at its hard cap of €475 million.
• A further €135 million have been raised for Miura Impact Fund, the firm’s first vehicle fully dedicated to Impact, and €200 million for Dent&Co, the continuation fund in the dental healthcare space.

Miura Partners has announced the final close of its fourth flagship fund, Miura Fund IV, at its hard cap of €475 million.

In addition to Fund IV, Miura also closed earlier this year its debut impact fund with commitments of €135 million, and Dent&Co, a €200 million single asset continuation fund established to support continued growth in portfolio company Proclinic Group.

2024 has been a landmark fundraising year for Miura taking the total capital raised to €800 million. The three fundraises garnered strong support from both new and existing investors including commitments from institutional LPs across Europe, North America and Asia.

Fund IV is 44% larger than its €330 million predecessor and attracted over €259 million of commitments from investors new to the Miura platform. Fund IV will build on Miura’s long history of partnering with family-owned businesses and SME’s in niche industries across Spain and Portugal. Investing equity tickets ranging from €20-50 million plus co-investment, the Fund aims to acquiring controlling stakes in well-established sectors where Miura has strong expertise, including healthcare, education, business services, consumer goods and industrial niches. The strategy seeks to drive replicable transformation through consolidation, internationalization and organic strategic initiatives.

Fund IV has already invested in two companies: Serpis-Cándido Miró, the Spanish leader in the distribution of branded and unbranded olives; and Proclinic Group, a leading specialized dental distributor in Spain and Europe; alongside Dent&Co.

Miura Impact Fund, the firm’s inaugural impact vehicle, established to invest in small caps targeting the sustainability megatrend in three impact themes: Healthier Lives, Thriving Communities and Regenerative Planet. The fund invests equity tickets ranging from €5-15 million plus co-investment into high growth businesses. It benefits from a dedicated, diverse team specializing in impact investing, KPI measurement and reporting with full support from the Miura platform.

MIF has invested in four businesses to date: Tierra, Spanish leader in the creation and maintenance of sustainable green spaces; Wikiloc, leading navigation software and community platform for outdoor activities; GasN2, producer of energy efficient onsite industrial gases; Bianna, multinational leading technologies for waste treatment and waste-to-energy/value

Luis Seguí, Founding Partner and CEO at Miura, commented:

“We are incredibly grateful for the trust our investors have placed in us, especially in a challenging global fundraising environment. These successful closes reflect our proven ability to partner with founders and management teams in the Iberian mid-market space, and to driving sustainable growth and value creation. We are excited about the early successes of Fund IV and look forward to continuing our work with purpose-driven businesses across the region.”

Rede Partners advised Miura Partners on the fundraises of Miura Fund IV and Miura Impact Fund.

About Miura Partners

Miura Partners is a purpose-driven Private Equity firm. With offices in Barcelona and Madrid, the firm specializes in investing in small and medium-sized family-owned and entrepreneurial companies. Miura provides attractive growth and innovation plans with a clear focus on sustainability and internationalization.

Since inception in 2008, Miura has raised five primary funds across its Buyout and Impact strategies, alongside two continuation vehicles in the Agribusiness and Dental Health verticals. The firm currently manages assets exceeding €1.5bn and has completed more than 70 investments.

Source : Miura Partners