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Integral service around a transaction
BY : Diego GutiérrezDecember Tue, 2019

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 procurement 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.


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 is aimed at groups led by entrepreneurs who, in addition to capital, are looking for a partner to support them in the management and promotion of specific projects.

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€.


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.

This is precisely where it plans to increase its acquisitions in the coming months.

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.


The shareholders of Goal Systems were advised in the transaction by V4 Financial Partnersadvisors of (Mergers & Acquisitions), y Eversheds.

For its part, THCP was advised by Cuatrecasas, Ernst & Young and AT Kearney.


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.

It will also allow additional investment in their technological capabilities and facilitate the implementation of selected procurements.

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