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03 Mar 2026

Addleshaw Goddard Advises JB46 Partners on Launch of JB46 LTH I Fund to Back Long‑Term Sector Consolidation

"Addleshaw Goddard advised JB46 Partners on the structuring and launch of its fourth fund, JB46 LTH I, FCRE, S.A. The fund will back long‑term, sector‑consolidation strategies (roll‑ups, buy‑and‑builds, CCVs) targeting small companies in fragmented or underserved markets across Europe and North America, advancing the entrepreneurship‑through‑acquisition model in the micro‑cap private equity space. The advising team was led by funds partner Isabel Rodríguez, with associate Enrique Aparicio."

Addleshaw Goddard advised JB46 Partners on the structuring and launch of its fourth fund, JB46 LTH I, FCRE, S.A. The transaction involved establishing a closed‑ended fund aimed at supporting long‑term, sector‑consolidation strategies (including roll‑ups, buy‑and‑builds and Committed Capital Vehicles) to invest in small companies across fragmented and underserved markets in Europe and North America, within the Micro‑cap Private Equity/ETA space. Advising lawyers: Isabel Rodríguez — Partner, Head of the Funds team (Funds practice); Enrique Aparicio — Associate (Funds practice).
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