
Miura Private Equity’s Gescobro buys Unitas
Gescobro, a debt management services company backed by Miura Private Equity, has acquired Spanish debt servicing firm Unitas.
The acquisition, funded via a capital injection from Miura Private Equity, will aim to strengthen Gescobro's position within the credit management market in Spain.
Miura acquired an 80% stake in Gescobro in 2010. CEO Gemma García Godall invested alongside Miura and took the remaining 20% stake in the business. The deal, valued at less than €25m, included financing provided by BBVA and Banco Santander.
Company
Headquartered in Madrid, Unitas offers debt management services to international investment funds with debt portfolios in Spanish banks. Unitas employs around 25 members of staff, specialising in debt recovery services for sub-performing loans.
Following the acquisition, Gescobro will have more than 300 members of staff. Its debt under management will rise to more than €3bn.
People
Luis Seguí, Javier Torres and Angel Alvarez worked on the 2010 deal for Miura.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater