Buenavista Expands in Healthcare
Deal News | Jan 14, 2025 | Iberian Lawyer
Addleshaw Goddard has played a pivotal role in advising Buenavista Equity Partners on establishing and achieving the first closing of their new healthcare fund, BV Healthcare Growth Innvierte I. This fund has garnered substantial investment commitments amounting to 100 million euros, aiming for a maximum fund size of 150 million euros. A cooperative effort with Columbus Venture Partners enhances the fund management by integrating extensive venture capital, private equity, and healthcare industry knowledge. Spain's Center for Technological Development and Innovation (CDTI) significantly contributes to the investor portfolio by committing up to 58 million euros via its Innvierte Program. The fund specifically targets burgeoning companies in Spain, working on pharmaceutical and biotech innovations, diagnostic solutions, and a broad range of healthcare-related advancements. Isabel Rodríguez spearheaded Addleshaw Goddard's legal team as Partner and Head of the Funds Practice in Madrid, with Enrique Torn and Nemesio Fernández providing significant assistance.
Sectors
- Private Equity and Venture Capital
- Healthcare
- Legal Services
Geography
- Spain – The fund primarily focuses on investment in Spain, and several key participants, including CDTI, are Spanish entities.
Industry
- Private Equity and Venture Capital – The article focuses on Buenavista Equity Partners raising funds through a new healthcare fund, BV Healthcare Growth Innvierte I, highlighting private equity and venture capital dynamics.
- Healthcare – BV Healthcare Growth Innvierte I targets investments in innovative healthcare sectors, such as pharmaceuticals, diagnostics, and biotech in Spain.
- Legal Services – Addleshaw Goddard provided legal advisory services for the structuring and launch of the fund, showcasing the involvement of legal expertise in private equity fundraising.
Financials
- 100 million euros – Initial investment commitments secured for the healthcare fund.
- 58 million euros – Committed funds from CDTI through the Innvierte Program.
- 150 million euros – Target size for the BV Healthcare Growth Innvierte I fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Addleshaw Goddard | Legal Advisor | Company | A legal firm advising Buenavista Equity Partners on their fund launch, led by Isabel Rodríguez. |
| Buenavista Equity Partners | Fund Manager | Company | Private equity firm launching the BV Healthcare Growth Innvierte I fund. |
| Columbus Venture Partners | Fund Management Partner | Company | Joining Buenavista Equity Partners to combine expertise in healthcare sector investments. |
| Center for Technological Development and Innovation (CDTI) | Investor | Government | Provides significant investment through its Innvierte Program to promote technological and innovation investments in Spain. |
| Isabel Rodríguez | Partner and Head of Funds Practice | Person | Lead legal advisor from Addleshaw Goddard on the fund project. |
| Enrique Torn | Senior Associate | Person | Supported the advisory role at Addleshaw Goddard for the fund. |
| Nemesio Fernández | Associate | Person | Assisted the legal advisory services for the fund at Addleshaw Goddard. |