King & Wood Mallesons (KWM) has advised Miura Private Equity on the launch of Frutas, a new fund aimed at investing in the European agri-food sector. This vehicle, which has a size of 350 million euros, is the first agri-food fund established in Spain and the largest in Europe with this investment strategy.
The KWM team that participated in the advice to Miura has been led by partner Isabel Rodríguez, with the support of partner Ildefonso Alier and associates María Mata and Patricia Martínez.
According to Isabel Rodríguez, “in recent years we have seen how the agri-food sector has positioned itself as one of the most attractive for the investment of private capital funds. It is a trend that we are not only seeing in Spain, but also in Europe, and that can help in a very important way to the modernization and internationalization of the sector”.
Previously, KWM had advised Miura Private Equity on the structuring and closing of its third fund, Miura Fund III, with investment commitments of 330 million euros.
Miura is private equity firm based in Barcelona, with assets under management in excess of 700 million euros. The firm specializes in investing in small and medium-sized Spanish companies, with attractive growth and consolidation plans and a clear international thesis. Miura has invested in more than 30 companies since 2008 for a total value of more than 800 million euros.