Diana Capital adds Andbank to its shareholding: Advisors

Diana Capital, which specialises in investing in mid-sized companies, announces the addition of Andbank to its shareholding structure as a partner with a 14.5% stake. The transaction has already been authorised by the Comisión Nacional del Mercado de Valores (CNMV) and the Autoritat Financera Andorrana (AFA) and is a key step in the growth strategy of the two firms.

The alliance strengthens Andbank’s presence in the growing private equity sector, while reinforcing the fund manager’s position as one of the most relevant firms in the Spanish private equity industry.

With over €400 million in assets under management, the addition of Andbank adds to Diana Capital’s efforts to continue diversifying its investor base, consolidating its position as a key player in the capital raising framework for its third private equity fund, Diana Capital III FCR.

Advisors

Andbank’s in-house team was led by general secretary, Pablo García Montañés, and head of M&A, Isabel García Díaz-Mauriño, on the transaction.

Pinsent Masons has advised Andbank with a team led by Antonio Sánchez Montero, Corporate partner together with Álvaro Estrada and Luna Mora.