MCH Private Equity plans to launch the largest buy-out fund that Spain will have seen in almost two years, targeting €200m ($200m) after agreeing cornerstone investments.

Natexis, the French bank, and Quilvest, a French financial holding company, have agreed to commit to MCH Private Equity's second fund. A spokesman for MCH Private Equity said: "Their combined investment will amount to between €50m to €70m and we hope to raise another €130m from other investors."