Spanish insurance firm Mutua Madrileña Group has taken a 20% stake in Alantra Asset Management (Alantra AM) for €45m, money that will be destined to finance the growth plans of Alantra's AM division. The current price of the operation could go up to €11.2m more depending on future earn out, said Mutua in a statement. Alantra AM is the investment division of the global financial group Alantra that invests in alternative assets. The unit offers clients access to a broad offering of investment strategies that range from direct investments to fund of funds, co-investments, and secondaries...
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