Miura buys minority stake in Tekman Books
Spanish private equity house Miura Private Equity has acquired a minority stake in educational software developer Tekman Books.
As part of the deal, the founding Del Pozo family will retain the controlling stake. The company's CEO, Enric del Pozo Rosés, will continue to lead the business, while Miura will appoint three representatives to the company's board.
The GP provided fresh capital through its second vehicle, Miura Fund II, which held a final close on €200m in September 2014. The transaction marks the seventh investment deployed from this vehicle. Miura aims to boost the company's expansion through the South American market as well as to develop new programs.
Company
Founded in 2009, Tekman is headquartered in Barcelona and develops educational software for infants, as well as for primary and secondary schools. Currently, the company employs a staff of 60 and claims a presence in 800 schools. According to local press reports, it generated a turnover of €6.4m with €2m EBITDA in 2015.
People
Miura Private Equity – Luis Seguí (managing partner).
Tekman Books – Enric del Pozo (CEO).
Advisers
Equity – Ineo Corporate (M&A); Baker & McKenzie (legal); PwC (financial due diligence).
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