Successful divestments made in June
Trilantic and Investindustrial leave Euskaltel
Euskaltel was floated on 1 July with 63% of its capital, at a price of €9.5 per share.
Trilantic Capital Partners and InvestIndustrial who held 48% of the company have sold their shares for €578M each, almost triple what they paid in 2012. In addition to this €578M, they have also received €99M from the extraordinary dividend.
"For Trilantic, the divestment in Euskaltel is the second IPO divestment this year, as in May it divested in Talgo," says Diego Gutierrez of Trilantic. Abra-Invest.
3i , Andrino Peninsular and founders sell Boomerang's 82% to Lagardère
3i has sold the 40% it held at Boomerang from Lagardére, obtaining a capital gain of 62% on its book value.
3i entered Boomerang, Spain's largest independent producer of fiction and entertainment content, in 2008 through a €36.4M debt-free direct investment to support the company's expansion plan, the transaction was structured through a combination of share purchase and capital increase.
Sherpa sells Polibol
Sherpa has sold the 80% of Polibol-Bolfor, flexible packaging manufacturer located in Madrid and Zaragoza.
The operation has been valued at €50M, multiplying by 5 the value paid by Sherpa.
Sherpa is one of the most active special situations funds in Spain in medium-sized companies. After four years of experience and a portfolio of nine companies, this divestment is the group's first.
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