Circumstances generating conflict of interest are those in which there is an existing conflict between the interests of Banco Sabadell (BS), any of the companies integrated within BS Group (Commercial Spanish Law art. 42) or shared companies of BS Group, the Administrators or Managers of any of the previous entities and the obligations of Aurica towards any of its Limited Partners (“LP”).
Among other assumptions, it is understood that a conflict of interest is produced when a company where Aurica III has the intention of investing it is yet shared by any of the members of the Investment Committee and/or Aurica III Advisory Board members, or any of the LP’s (or by any other entity belonging to BS Group, to which the referred member or LP belongs to).
Likewise, it is understood that a conflict of interest will arise concerning those Investment Committee members and/or Aurica III Advisory Board members who have representation in another Private Equity Entity managed by Aurica Capital, in relation with the investment proposals in companies shared by this third Private Equity Entity.
More details about Conflict of Interest as per demand can be provided.