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Time for divestitures for private equity in Spain: Euskaltel, Boomerang and Polibol


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BY : Diego GutiérrezJuly Fri, 2015
After several years of crisis in which the lack of financing made it impossible to complete buyout operations, last year foreign investors began to regain confidence in Spain and started to divest, with significant capital gains for the investors involved.
 
According to the report The Timing of Divestments in Private Equity in Spain, prepared by WebcapitalRiesgo, the volume disinvested in 2014, at cost price, amounted to €4,769M, exceeding for the first time in this century the volume invested in the year (€3,465M). Below are some of the divestments made in June.

divestments June

 

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 e 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 a 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. 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.

 If you want to get to know us, please contact us. Abra-Invest has an expert team of alternative financing experts at your disposal. Call us on +39 9464241142 or contact us by filling in the questionnaire. 

 

 

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