The fund created by Cofides and Oman receives authorization from the CNMV to start operating

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Date: 18-Jul-2018

The National Securities Market Commission (CNMV) has officially registered the private equity fund created by the Spanish Development Financing Company (Cofides) and the Sultanate of Oman under the name of Spain Oman Private Equity Fund, as found by this daily.

MCH

 

This fund is managed by MCH Private Equity after a rigorous process initiated at the end of last year. It is one of the most reputable Spanish firms on the national scene that advises the private equity funds MCH Iberian Capital Fund I, II, III and IV, which jointly represent more than 850 million euros.

 

Quite less, specifically 200 million euros, will be available to the experts of the firm founded in 1998 by Jaime Hernández Soto and José María Muñoz to carry out operations. But we must not forget that to speak of MCH is to do it of one of the five independent groups of risk capital in Spain.

 

Mid-cap companies

 

The Spain Oman Private Equity is a private equity fund that was created during the trip of King Emeritus Juan Carlos I to the Sultanate in the spring of 2014, which was accompanied by a business delegation headed by the CEOE and the Superior Council of Chambers of Commerce, a representation of fifteen companies and three ministers such as José Manuel Soria (Industry, Energy and Tourism), Ana Pastor (Development) and Pedro Morenés (Defense).

 

The medium capitalization Spanish companies with internationalization plans in the Persian Gulf are those within the scope of this fund, whose main focus are the sectors of construction materials, manufacturing, mining, tourism, logistics, health, infrastructure, energy and food and agribusiness.

 

The fund will allow Oman to benefit from the experience and technological knowledge of Spanish companies through the creation of employment, technology transfer and investment profitability. With it, in addition, Spanish companies will have a new financing instrument to encourage their expansion abroad, consolidation and growth and contribute at the same time to the development of Oman and Spain.

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