Inveready has acquired the majority of one of the leading value fund managers in Spain, True Value Investments, SGIIC, S.A. With this operation, Inveready enters the market of mutual funds with the help of a team recognized in the sector. The financial group has reached a binding agreement and is only subject to the mandatory authorization by CNMV, for the acquisition of the capital of True Value Investments, which manages more than € 300 million.

The operation allows Inveready to continue with its growth strategy, expanding its product range and exceeding € 1000 million in assets under management. The operation seeks to bring about important synergies between the different verticals.

The merger of Inveready and True Value Investments is a step forward for the two entities, as it allows them to coordinate joint growth strategies, without altering True Value's historic investment policy, while maintaining the same management team and the same management style, portfolio, and values.

In the words of Josep Maria Echarri, President of the Inveready Group, “we are impressed with the work done by True Value to date, as well as the growth figures and the returns obtained by its funds, and we are excited see the potential of the operation for all parties”.

Inveready was founded in 2018 and is one of the leading venture capital managers in Spain. It invests through 5 specialized vehicles, including life sciences. Today, it has a total of 150 active companies in its portfolio.

Photo: José Luis Benito and Alejandro Estebaranz, True Value.