In July 2019, Eurazeo took a new step forward in the development of its international network, as part of its ambition to cement its position as a major European player, by acquiring a strategic stake in the Spanish firm MCH Private Equity.
Founded in 1998 and based in Madrid, MCH is a leading Spanish mid-market private equity firm. MCH Private Equity has one of the best track records in Southern Europe. Given the close alignment between their investment strategies, along with networks that complement each other well, Eurazeo and MCH are able to drive value creation at their portfolio companies and for their limited partners. The two firms continue to operate independently and their investment teams remain dedicated to their respective funds and domestic markets. At the same time, their partnership draws on the strengths of Eurazeo’s international network and the specialized expertise of its Digital and Environmental, Social and Governance (ESG) teams.
MCH Private Equity invested over €100 million in 2021 through the various funds under its management, including around €70 million via its flagship fund, MCH Iberian Capital Fund V, which now has six portfolio companies. In 2021, three new investments thus joined Molecor (a developer of molecular orientation technology for the manufacture of oriented PVC pipes), Prosur (a food technology company), and Llusar (a producer and marketer of premium citrus fruits).
MCH Private Equity held the final close of its MCH V fund at about €400 million in the first half of 2022.