Spanish GP Nazca Capital has wholly acquired visual merchandising company Ovelar Merchandising for €28m.
The deal saw Tandem Capital sell its 38% stake in the company and several members of the founding family exit the firm. The all-equity investment was completed through Nazca III, which closed on €190m...
Deal marks the second bolt-on for the business, following the acquisition of Swiss diagnostic imaging provider IRD
Deal marks the second investment made from the GP's 2016-vintage sixth vehicle, which closed on £660m
Acquisition is the company's first out of two planned for this year with ActoMezz's backing
Total commitments for the fund fell some way short of the vehicle's €350m target and €400m hard-cap