Dinamia sells Nicolás Correa on secondary market

The GP sold its 12.57% stake in the firm for €2.23m, a 110% increase with respect to the investment's most recent NAV published in June 2013.

Dinamia's NAV stood at €134.1m at the end of the third quarter. NAV per share was €8.23, net of the dividend paid in July, up from €8.17 as of the June close. The stock continues to trade at a discount of 22% to the last NAV.

Nicolás Correa merged with Industrias Anayak in 2005. Dinamia initially backed Industrias Anayak in September 1999.

Company
Founded in 1947, Nicolás Correa designs and manufacturers milling machines. The firm has a turnover of more than €90m, employs 386 staff and is based in Burgos.

Nicolás Correa has two production plants in Spain and exports 80% of its production to Germany, China, France, the UK, the US and Canada through a network of distributors.

People
Ignacio Moreno is managing partner of N+1 Mercapital.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Industrials
• Exits
• Spain