Corpfin sells Spanish tour operator Catai

As part of the transaction, the GP sold its 50% stake in the business after a nine-year holding period. According to local press reports, the sale followed a limited auction process, which saw several corporates compete to acquire the business.

Grupo Barceló is a Spanish corporate active in the travel and tourism sector.

Previous funding
In June 2007, Corpfin acquired a 50% stake in the company from the founding family. The GP drew capital from its Corpfin Capital Fund III. According to unquote" data, the transaction saw the enterprise value exceed €70m. Banco Espirito Santo and Santander provided a debt package to support the transaction.

Following the deal, the business opened a new branch based in New Delhi and boosted it expansion across Latin America.

Company
Established in 1980 and based in Madrid, Catai focuses on long-haul travel across five continents. The business currently employs 145 people and generated a turnover of €73m in 2014.

People
Corpfin Capital – Patrick Gandarias (managing partner); Fernando Trueba (partner).
Catai – Matilde Torres (CEO).

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• Topics
• Exits
• Consumer
• Southern Europe
• Spain
• Corpfin Capital
• Trade sale