King & Wood Mallesons advises Miura on €350m agrifood fund
A Madrid-based King & Wood Mallesons (KWM) team advised Miura Private Equity on the launch of Frutas, a fund focused on the European agrifood sector.
A KWM statement said the €350 million vehicle is the "first agrifood fund formed in Spain and the largest in Europe with this investment strategy".
Barcelona-headquartered Miura manages assets with a total value of nearly €1 billion. It specialises in investment in "Spanish companies with attractive growth and consolidation plans and a clear international objective". Since 2008, Miura has invested in more than 35 businesses with operations worth more than €1.5 billion.
The KWM team was led by partner Isabel Rodríguez, and included partner Ildefonso Alier and associates María Mata and Patricia Martínez.
Rodríguez said: "In recent years we have seen how the agrifood sector has positioned itself as one of the most attractive for investments from private equity funds. This is not only a trend seen in Spain, but throughout Europe, and which will undoubtedly play an important role in the modernisation and internationalisation of the sector.”
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