Talde, Oquendo acquire stake in Rotecna
Spanish private equity house Talde Capital Riesgo and alternative investor Oquendo Capital have jointly invested in compatriot farm equipment producer Rotecna.
According to a statement, the company intends to use the fresh capital to boost its expansion across new markets as well as launch new products. Financial details surrounding the transaction remain undisclosed.
As part of the deal, the company's chair, Gener Romeu, will retain his position and continue to lead the business alongside the management team.
Company
Established in 1991 and based in Agramunt, Spain, Rotecna manufactures and distributes equipment for pig farms, including hoppers and feeders. The company generated a turnover of €30m in 2015 and claims to export 70% of its production across 80 countries.
The business employs 180 people.
People
Talde Capital Riesgo – Marc Baiget (investment director).
Rotecna – Gener Romeu (founder, chair).
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