Eduardo Navarro’s Sherpa Capital invests in co-working

Spanish private equity firm, Sherpa Capital has acquired a majority stake in Busining and plans to invest over 20 million euros to turn it into the largest coworking spaces operator in Spain.

The buyer’s vision is to have 30 centers in the country with over 70,000m² throughout the Iberian market, including all major regional capitals. Founder Óscar García Toledo will continue to be the general manager of the co-working operator retaining a significant stake. Haya Capital, which acted as a boutique M&A advisor in the transaction, will acquire a minority investment.

According to Busining’s founder, “The entry of Sherpa Capital in Busining will not only allow us to grow in locations and square meters, but also in efficiency and structure to be able to give our clients a wider range of high added-value services that will facilitate even more their day-to-day”.

Busining currently has over 12,000m² of GLA spread accross five centers in Madrid. 4 properties are located in prime locations such as Torre Europa’s top floor in the Azca financial district or  on Calle O’Donell next to Retiro park. Law firm Gómez Acebo y Pombo advised the buyer. Boutique M&A advisory firm Haya Capital and law firm Gold Abogados advised the seller.

Founded by Eduardo Navarro and Alfredo Bru, Sherpa Capital is a private equity firm which has assets under management of over €250M and focuses on companies with significant growth potential, both organic and inorganic, but which need financial and operational resources to support them in the challenges they face.