Idalia Capital, the Private Equity fund launched by ex-Redexis executive managers Fernando Bergasa and Cristina Ávila, has recruited Javier Franch Camino, a Corporate/M&A lawyer from Garrigues as its news head of Legal.
Javier Franch holds a double degree in Law and Business Administration from Universidad Autónoma de Madrid, with foreign stays at University of Melbourne and Katholieke Universiteit Leuven. He joined Garrigues Madrid office as an intern in 2015 in the Corporate and Tax areas, and after five months at a Blue Book Trainee at the European Commission´s DG-FISMA, he returned to Garrigues, where he has been a Corporate/M&A lawyer, focusing on advising Private Equity funds and other financial institutions on Transactional and Regulatory matters, including fundraising, securitisation and M&A.
According to information published on Invertia, the Private Equity manager will invest in hydrogen and other new “frontier” energies of the energy transition. Its first investment fund aims to raise €750 million and give investors a net annual return of around 20%. The same media informs that this first fund (Idalia Capital I FCR) will invest in a portfolio of between six and 12 companies, with an average ticket of €50 to €100 millio in each of them. Named Article 9 under the European Sustainable Finance Regulation (SFDR), the highest level, it will focus on energy transition assets, those that “clearly contribute to the achievement of the energy transition objectives in Spain, the European Union and the Western world.”
The new in-house lawyer brings his experience from Private Equity funds to the new manager, which has already been authorized by the Spain´s National Securities Market Commission (CNMV).
Javier Franch was part of the Garrigues Capital Markets team that advised on Banco Sabadell’s securitisation of consumer loans, a transaction closed at the end of 2019, which marked a milestone in the European market: the first SRT and STS securitisation in Europe of consumer loans in which all tranches were sold publicly. The deal was recognised by The Lawyer and gave Garrigues the “European finance team of the year” in The Lawyer European Awards.