Nexxus Iberia holds first close of second vintage on €230m

Nexxus Iberia has held the first close of its second fund, Nexxus Private Equity Fund II (Nexxus II), on €230m. 

Launched in April, the fund has reached the volume target expected for the first closing, the GP said in a statement. 

Nexxus Iberia added the fund is now ready to start its deployment phase, and its strategy will focus on supporting and accelerating the internationalisation of Spanish and Portuguese SMEs within European and American markets. 

Nexxus II will make between eight and ten investments.

Nexxus Iberia launched its first fund, Nexxus Iberia Private Equity Fund I, in 2018 closing on €170m. 

Since then the GP has invested in 12 Portuguese and Spanish companies, spanning across a range of sectors such as manufacturing, pharmaceuticals and retail. 

In addition, it has completed five exits with the sales of logistics firm Maresa,  health consulting firm Bienzobas, health clinic Dorsia and oncology solutions specialist firm Mercurius.  

Established in 2016, Nexxus Iberia has to date completed 32 investments and fully divested 22 portfolio companies in the Spanish and Portuguese midmarket.

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