Miura Partners announced it closed over €800 million in 2024 across fourth flagship fund, debut impact fund and healthcare continuation fund. And Miura Fund IV closes at its hard cap of €475 million. Plus, a further €135 million has 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.
Along with 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.
This year, has been a landmark fundraising year for Miura taking the total capital raised to €800 million. The three fundraises gained 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 the €330 million predecessor and attracted over €259 million of commitments from investors new to the Miura platform. And 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 million to €50 million plus co-investment, this 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. This strategy seeks to drive replicable transformation through consolidation, internationalization and organic strategic initiatives.
Fund IV 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, which is 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. This fund also invests equity tickets ranging from €5-15 million plus co-investment into high growth businesses.
MIF 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
Rede Partners advised Miura Partners on the fundraises of Miura Fund IV and Miura Impact Fund.
KEY QUOTE:
“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.”
-Luis Seguí, Founding Partner and CEO at Miura
