Two fledgling buyout groups in Spain are close to concluding fundraising for their debut funds, after their founders left established groups N+1 and Mercapital last year.
ProA Capital, a buyout firm founded by three partners from N+1, is raising a â¬250m ($372m) maiden fund. It brought in Blackstone Group placement agent affiliate Park Hill to advise on the fundraising last October having also had discussions with the placement teams at investment banks UBS and Credit Suisse.
