Investindustrial merges Emeru with ProA's Ambuibérica

Following the merger, the two private equity houses will each retain a 50% stake in the group.

The consolidated group is expected to generate a turnover of €290m and employ 7,500 people with 3,000 vehicles under management.

Following the deal, the company will expand internationally, with a particular focus on Brazil and the UK. The GP intends to inject a further €30m into the business to support its growth over the next three years, according to the statement.

Gabriel Uguet, former general director at Spanish healthcare business Llevant, will become CEO of the group, while the two companies will continue to be led by their management teams.

Previous funding
Investindustrial acquired Emeru in December 2010 via its Investindustrial Fund IV.

ProA acquired an 85% stake in Ambuibérica in March 2011.

Company
Emeru and Ambuibérica specialise in healthcare transportation, including outsourced ambulance services, the transportation of organs and non-urgent transportation services.

Based in Barcelona, Emeru has a presence in Spain and the UK with a total fleet of 939 vehicles and 2,884 employees.

Ambuibérica is based in Madrid and was established in 2001. The business operates exclusively in Spain, and has 3,000 employees and 1,500 vehicles under management.

Advisers
Equity (Investindustrial) – AZ Capital (M&A).
Equity (ProA Capital) – PJT Partners y Socios Financieros (M&A).

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• Topics
• Buyouts
• Industrials
• Southern Europe
• Secondary buyout
• Spain
• Investindustrial
• ProA Capital