Miura reaches €1.0bn assets and launches a strategy focused on innovation and sustainability
- The firm embarks on a new phase as Miura Partners after a strong investment activity over the last ten months despite Covid-19
- Miura Partners focuses on innovation, digitization and sustainability as strategic pillars for value creation
Barcelona, 27 April 2021.- Miura begins a new phase as Miura Partners, after reaching €1.0 billion of assets under management and completing more than 40 investments since 2008, resulting in one of the most active Private Equity firms in Southern Europe.
After more than a decade as Miura Private Equity, the firm takes a step forward as Miura Partners with a renewed corporate identity and a clear strategy based on People, Innovation and Sustainability.
As a purpose-driven firm, Miura Partners strengthens its commitment to be the best partner in the development of leading companies and the creation of sustainable value with long-lasting impact on society.
At the same time, the firm maintains its business approach to partner up with business owners, entrepreneurs and management teams to create ideal ecosystems for the development of growth and consolidation projects with an innovative and global focus.
The new stage of Miura is marked by a year of resilience in the wake of Covid-19 pandemic with an outstanding investment activity and a reinforced team. The firm recently entered the healthcare sector by acquiring Terrats Medical and Proclinic; divested from Tiendanimal after boosting its omnichannel leadership in the pet sector; and agreed to integrate Equipe into Italcer to create the leading European group in the ceramic sector. In addition, Miura pioneered the Agribusiness sector transformation in Europe with the launch of Miura Frutas Fund, the largest continental fund in the sector with a size of €360 million, and a clear commitment to Citri&Co, the leading vertical group in Europe on the production and distribution of fresh fruit. Earlier this year the company joined forces with Agrícola Famosa, the leading worldwide producer and provider of melons and watermelons based in Brazil.
From the People perspective, Miura reinforced its management with the appointment of Jordi Alegre as Managing Partner and Fernando Clúa as Partner and recruited new talent in all departments. Currently, Miura Partners has a team of 25 professionals composed by 6 partners, 5 investment directors, 6 associates and 8 back and middle office professionals, a figure that has increased exponentially since Miura’s inception. On the other hand, the firm has expanded territorially with the opening of a new office in Madrid led by a partner and various members of the investment and support team with the aim of being closer to some portfolio companies and developing more business and investment opportunities.
Strategic pillars of Miura Partners
Miura Partners has deployed a roadmap focused on innovation and sustainability as the main drivers of value creation on its portfolio companies. The firm counts with a network of experts to promote innovation, digitization and scalability strategies in order to positioning Miura’s companies as niche benchmarks in terms of competitiveness and leadership through projects based on e-Commerce, improvement of technological capabilities or implementation of Lean methodologies to better adapt to the needs of an increasingly digitized society.
Sustainability will play a key value creation and transformative role for Miura Partners and its portfolio companies. Since 2014, when Miura committed to ESG standards as PRI signatory, the firm has been applying a responsible investment model: starting with ESG Due Diligences in the pre-investment phase, the implementation of measurement and reporting during the holding period and lastly, the appraisal of best sustainability practices as a key element in the divestment process. Since 2017, Miura has published its ESG progress transparently on its sustainability reports, available on Miura Partners’ website. In addition, the firm has stablished impact ambitions within its portfolio companies aligned to global challenges as the climate crisis, diversity and inclusion, Human Rights and Responsible Value Chains.
Luis Seguí and Juan Leach, Founding Partners at Miura Partners explained that “We live in a moment of profound changes, acceleration and extreme complexity. Our society faces colossal challenges that highlight fundamental issues such as individual and collective responsibility. To face these extraordinary challenges, we must change the way of thinking and performing. This is why today we take a step forward, staying true to our values and who we are, but with an ambitious, responsible and long-term vision, and a clear commitment to innovation and sustainability."
New corporate image
To undertake this new phase, Miura Partners has refreshed its corporate image to highlight the three pillars of the firm: Human Capital, Innovation and Sustainability. The new brand elements are inspired by nature, circularity, sea landscapes and underwater shapes found on the seabed. Under the moto "Partners by nature", Miura Partners seeks similarities between its founding values and the new corporate identity: the creation of ecosystems to develop projects, the connection of talent, and the circularity as an organic, everlasting and continuous concept.
About Miura Partners
Miura Partners is a leading private equity firm in Spain with assets under management in excess of €1.0 billion through its Private Equity and Agribusiness funds. The firm specializes in investing in dynamic family-owned businesses, providing attractive growth and consolidation plans, and with a clear international spirit. Since 2008, Miura has invested in more than 40 companies, with transactions worth more than €1.5 billion.
Find more: www.miura.partners