Venture capital in the industrial sector: Springwater, Black Toro Capital, Abac and Espiga.
09/10/2015
Diego Gutiérrez
Venture capital in the industrial sector: Springwater, Black Toro Capital, Abac and Espiga.
Industrial firms choose private equity to help them grow and open up international markets. Springwater has bought the Spanish subsidiary of Imtech to gain a foothold in the industrial sector in Spain. In addition, in the last two months we have witnessed the first deals in the industrial sector of new funds: Abac and Espiga Capital.

 

 

 Springwater takes over Imtech

 Springwater Capital has agreed to purchase the Spanish subsidiary of Royal Imtech NV, a Dutch engineering company currently in insolvency. In addition to Imtech Spain, the operation also includes the subsidiaries in Chile, Peru and Morocco.

Imtech España is made up of two divisions that offer technological solutions in the fields of building and industry, "offering installation and maintenance services in projects of high technological value.

"Springwater already bought the Bilbao company Nervion Industries a year ago and announced its intention to grow in the industrial sector in our country, since then it has bought the Asturian group Daorje from 3i, as well as Fivemassa, in May this year," says Diego Gutierrez of Springwater. Abra-Invest.

Black Toro Capital to raise its investment in Carbures at the end of October

Carbures has signed a new investment agreement with Black Toro Capitalwhich currently holds 7.04% of its capital, whereby the investment fund will inject €30m into the company by 20 October.

With this financial investment, Carbures has the necessary resources to continue growing as a company and to meet the organic growth needs foreseen to meet the growing demand for orders, both in the aeronautical sector and in the automotive and civil engineering sectors.

 Carbures is dedicated to the manufacture of carbon fibre parts for different sectors, from aeronautics to civil engineering and vehicle construction.

Abac compra Metalcaucho

Abac the new private equity fund created by former executives of Apax and Thesan Capital, which aims to invest in mid-sized Spanish companies, closed its first investment in August with the acquisition of Metalcaucho, a Barcelona-based automotive spare parts company with a turnover of 40 million euros in 2014.

The fund has acquired almost 100% of the capital from the owner family and has transferred a small stake to the management team. The objective of our investment is to accelerate Metalcaucho's international expansion into new markets.

Según Abac, la compra de Metalcaucho es «un buen ejemplo del tipo de operaciones que realizará el fondo», destinando entre €20M y €50M por transacción.

 

 Espiga buys a 35% from Ubis Adhesive Tapes

Espiga Equity Partners bought in July the 35% from the firm the  Ubisspecialising in the manufacture and distribution of adhesive tape.

With sales of €63 million in 2014, the company is the only national adhesive tape manufacturer and exports around 60% of its turnover mainly to EU countries.

The company's capital is divided among several families, some of whose members have divested all or part of their shareholdings as a result of the transaction.

This is the first investment of Espiga Equity Fund, the new private equity fund managed by Espiga, an independent management company specialised in the low-capital segment. middle market Spanish. With an equity investment of between €8 million and €20 million, Espiga takes significant majority or minority stakes in profitable medium-sized companies, always in partnership with management teams.

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