Jul 12, 2017

GPF Capital makes 3x on first exit from maiden fund By Tweet on Twitter GPF Capital has generated a return of around 3x from the first exit from its maiden fund. The Spanish lower mid-market private equity firm has sold information and telecommunications company Acuntia to trade buyer Vinci Energies after an 18-month hold. Following the transaction, Vinci Energies will own 85 per cent of the company and the remaining 15 per cent left will be in the hands of Acuntia senior executives. The company carries out most of its business activities in Spain and also provides services in several countries in the Americas, Europe, Asia and Africa. Acuntia employs 340 people and generated revenues of €90m in 2016. This is the first exit from GPF’s maiden fund, which reached a €103.9m final close in 2015 after only six months on the road. So far the fund has been invested in cheese-maker Queseria Iberia, telecommunications business Acuntia,  automotive retail chain Aurgi , nightclub operator  Pachá and transport and logistics business Vicarli . Further reading: