Three Hills Capital Partners is a British private equity firm, which has recently invested in the Spanish company Goal Systems, specialised in the development of software for the transport industry.
In this way, it is clearly stepping up its commitment to Spain.
The operation was carried out by the acquisition of a €45m minority stake.
Different types of software and their respective developments are becoming an essential part of today's businesses.
Among them is software for the transport industry, as can be seen in the movements it generates in the sector's corporate finances.
GETTING TO KNOW THREE HILLS CAPITAL
It is a private equity firm founded in 2013 and based in the UK.
It specialises in offering hybrid financing to companies.
Three Hills Capital Partners se orienta a grupos dirigidos por emprendedores, que, además de capital, buscan un socio que les apoye en la gestión e impulso de proyectos concretos.
These partners should also aim to retain control and reduce the dilution that occurs when a conventional private equity fund enters the shareholding.
Last October, acquired a minority stake in the Spanish company Goal Systemsthanks to an investment of 45M€.
SECOND OPERATION IN SPAIN
This is the second time Three Hills Capital has completed a transaction in Spain.
Debuted in 2016 with investment in laser delation and aesthetic medicine clinics. Pelostop.
With this new operation, the fund manager is embarking on a renewed strategy and intensifying its focus on the Spanish market.
En él, precisamente, donde prevé aumentar sus mergers and acquisitions en los próximos meses.
This interest in becoming strong in Spain includes the possibility of opening a future new base in Madrid.
Everything will depend on the evolution of the project, as for the moment all efforts are focused on the imminent opening of the Milan office.
In order to complete these Spanish transactions, it still has 80% of the commitments raised with its third fund, raised earlier this year with a €450M purse.
ADVICE
The shareholders of Goal Systems were advised in the transaction by V4 Financial Partnersadvisors of M&A transactions and mergers and acquisitions, y Eversheds.
For its part, THCP was advised by Cuatrecasas, Ernst & Young y AT Kearney.
WHO IS GOAL SYSTEMS?
Goal Systems is a company based in Madrid.
One of the world's leading providers of state-of-the-art optimisation software for the public transport industry..
It develops and implements IT systems, using advanced optimisation techniques to achieve the highest profitability, competitiveness and sustainability of its clients' businesses.
It will do so through optimal programming and sizing of resources.
It has contracts in more than 25 countries in Europe, Latin America, the Middle East and Asia, and has provided services to some of the world's largest transport companies, such as Renfe and Alsa Group, among others.
Thanks to this majority acquisition by THCP, the firm will be able to accelerate its growth.
Así mismo, también permitirá una inversión adicional en sus capacidades tecnológicas y facilitará la realización de mergers and acquisitions seleccionadas.