Vector Capital backs Efectivox

The investor, which represents the private equity arm of savings bank Caixa Panedès, holds a 27.67% stake in the business, which provides cash handling and transportation services.

Caja España-Duero and Banca Civíca also hold shares of 27.67%, while Grupo Norte is also a shareholder.

The company, which was previously known as Blindados Grupo Norte, expects to double its turnover to €28m in 2011-12.

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• Topics
• Southern Europe
• Consumer
• Expansion
• Spain