Spain Oman Private Equity Fund (SOPEF) II

In 2023, COFIDES and the OIA, the Omani sovereign wealth fund, expanded their partnership by creating a new joint fund amounting to 100 million euros, called the Spain Oman Private Equity Fund (SOPEF) II, that follows on from the Spain Oman Private Equity Fund (SOPEF I), set up in 2018 and managed by MCH Private Equity Investments. With this new instrument, COFIDES and OIA will have made a total of 300 million euros available to Spanish companies.

The objective of the fund is to finance Spanish companies with plans for international expansion into Oman and other priority markets for the Omani economy and to contribute to the development of Oman and Spain.

MCH will continue to lead the management of this fund, and its extensive knowledge of financial markets, risk management and investment strategies will play a key role in ensuring the optimal allocation of SOPEF II resources.

“The strategy that SOPEF II will follow will be very similar to that developed by the original fund (SOPEF I), although with a lower weight of coinvestments, seeking companies whose growth pillar is based on internationalisation”    

José Manuel de Bartolomé, MCH partner

José Manuel de Bartolomé, MCH partner, takes stock of the Spain Oman Coinvestment Fund and describes it as “very positive”. MCH believes that the objectives set in 2018 have been met: “To invest in companies positioned in sectors with a significant weight in the national GDP and with high growth potential and to facilitate their internationalisation with a strategy that combines large companies and other smaller ones with a high development capacity”.

The SOPEF fund has invested in 11 Spanish companies in various sectors: “In technological and disruptive innovation companies such as Symborg, Logalty, Seabery, Fermax and Agrovin; in industrial sectors with TCI; renewables such as Haizea; healthcare and wellness such as Noucor and All for Padel; food such as Palacios; and agribusiness in Iberian Premium Fruits,” says.

SOPEF follows a responsible investment policy in its investments. “MCH considers it part of its fiduciary duty to act in the long-term interest of its investors and society by managing ESG risks and opportunities. We believe that making responsible decisions with their social and environmental impact in mind can positively affect the financial performance of the related investments”, José Manuel de Bartolomé states.

“SOPEF is a clear example of how strategic partnerships can generate multiple opportunities. The fund has contributed to boosting innovation, technology and competitiveness in both countries, Spain and Oman”

Yolanda Gómez de Segura, Head of the Investment Unit at COFIDES

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