The private equity fund Corpfin Capital and ACS have been awarded the Impulsa Awards 2018, during the opening of the 19th edition of CapCorp, the congress that brings together every year professionals from private equity and mergers and acquisitions in Spain.

During the event, private equity managers and advisory and investment firms analysed the boom of private equity in Spain, driven by “the high level of liquidity, favourable financing conditions and intense market activity”, which in 2018 points to a new record year for the sector.

Specifically, Corpfin Capital received the Impulsa Award for the national and international private equity fund in Spain, which this year closed its fifth fund of €300 million in record time.

Corpfin has completed this year the divestment of its third fund, with which it promoted 10 business projects between 2006 and 2016 with a return close to 2.5 times the invested amount. It has also sold Perfumerías Arenal to the Portuguese company Sonae, thus completing the second divestment of its fourth fund, raised in 2014 with €255 million, and has exited Volotea as part of the restructuring of the airline’s capital.

On the investment side, it has acquired a majority stake in Grupo Dimoldurahas taken control of Grupo Barna and has acquired 50% of Servicios Turísticos Marjal.

For its part, ACS received the award in the category of Spanish company that develops its growth through corporate transactions. The construction group has taken control of Abertis, the largest transaction by volume in the Spanish market in 2018.

After months immersed in a takeover battle for the company, ACS and the Italian Atlantia decided to join forces to launch a joint takeover bid for 100% of Abertis, valued at €18.183 billion. ACS carried out an intense process of divesting non-strategic assets to finance the acquisition of Abertis, including the sale of Saeta Yield to Brookfield Asset Management for €948 million, the transfer of the hospitals Son Espases and Can Misses in the Balearic Islands to Mirova Core Infrastructure, the infrastructure arm of Natixis; and the exit from the Chilean Ruta del Canal.

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Corpfin Capital y ACS, galardonados con los Premios CapCorp Impulsa 2018 -Europapress.es

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