Abac Capital has acquired a stake in Spanish building materials supplier Isolana via a capital increase.
Unquote understands that, following this deal, Abac will control a 30% stake in the company.
The GP invested in the company via its Abac Solutions I fund, which held a €320m final close in May 2016. The vehicle targets primarily majority stakes in Spanish mid-market companies with an enterprise value in excess of €30m and deploys equity tickets ranging between €20-50m.
Isolana plans to use the fresh capital to consolidate its market position in Spain and further accelerate its growth both organically and via new acquisitions.
Established in 1939 and based in Alcobendas, near Madrid, Isolana specialises in supplying and distributing building materials, including flooring, fittings, tiles, paint, and acoustic and thermal insulation materials. The company generated revenues of €110m in 2018.
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