Addleshaw Goddard Advises Buenavista on New Healthcare Fund
Funding | Jan 14, 2025 | Addleshaw Goddard
Addleshaw Goddard has provided advisory services to Buenavista Equity Partners in structuring and achieving the first closing of their latest fund, BV Healthcare Growth Innvierte I. The fund has garnered investment commitments of €100 million with a target size of €150 million. A notable contributor to this fund is the Centre for Technological Development and Innovation (CDTI), pledging up to €58 million. The fund is a collaboration with Columbus Venture Partners and aims to invest in innovative healthcare companies, primarily in Spain, focusing on areas such as pharmaceuticals, biotechnology, precision medicine, AI, and digital therapies. Isabel Rodrguez led the legal team from Addleshaw Goddard on this transaction.
Sectors
- Private Equity & Venture Capital
- Healthcare & Biotechnology
Geography
- Spain – The fund targets investments primarily in Spanish healthcare companies, and the legal advisory team operated from Madrid, Spain.
Industry
- Private Equity & Venture Capital – The involvement of Buenavista Equity Partners in launching its healthcare growth fund demonstrates activities typical of private equity and venture capital sectors, focusing on investment in innovative healthcare companies.
- Healthcare & Biotechnology – The fund BV Healthcare Growth Innvierte I focuses on investing in innovative companies within the healthcare sphere including pharmaceuticals, biotechnology, and medical technologies.
Financials
- €100 million – Investment commitments achieved in the first closing of the BV Healthcare Growth Innvierte I fund.
- €150 million – The maximum planned size of the BV Healthcare Growth Innvierte I fund.
- €58 million – Commitment made by CDTI through its Innvierte Programme to support the fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Addleshaw Goddard | Legal Advisor | Company | A law firm that advised Buenavista Equity Partners on structuring and closing the healthcare fund. |
| Buenavista Equity Partners | Fund Manager | Company | An equity firm launching the BV Healthcare Growth Innvierte I fund aimed at healthcare investments. |
| Columbus Venture Partners | Joint Venture Partner | Company | Partnered with Buenavista Equity Partners to manage the healthcare fund, providing investment experience. |
| Centre for Technological Development and Innovation (CDTI) | Investor | Government | A governmental organization supporting the fund with a commitment of up to €58 million through the Innvierte Programme. |
| Isabel Rodrguez | Lead Legal Advisor | Person | Partner and head of the Funds area at Addleshaw Goddard in Madrid, responsible for coordinating legal advice. |
| Enrique Torn | Senior Associate | Person | Senior associate at Addleshaw Goddard assisting in the legal advisory. |
| Nemesio Fernndez | Associate | Person | Associate at Addleshaw Goddard assisting in the legal advisory. |