Inter-Risco buys 40% stake in Catari

The GP bought its stake from the founding family, which will continue to lead the business. According to a statement, the capital injection will allow the business to boost its production and international expansion.

Inter-Risco provided capital to the target through its Inter-Risco II CI vehicle, which launched in 2013 and raised €30m. The fund targets majority and minority investments in Portuguese SMEs and was entirely underwritten by BPI and Inter-Risco. Until 2015, the vehicle co-invested alongside its predecessor Inter-Risco II, but in 2016 started executing investments on a stand-alone bases.

The deal marks the fund's second transaction executed on a stand-alone basis, following the acquisition in March 2016 of a 90% stake in Portuguese vehicle glass repair operator Express Glass.

Company
Headquartered in Vale de Cambra, Catari produces metal equipment for the building industry, including scaffolding and safety and protection equipment. The business exports 80% of its production mainly to Turkey, France and Spain, and has a presence also in Romania, Switzerland, Erbia, Qatar, Dominican Republic, Chile and Angola.

Founded in 1979, the company employs a staff of 100 and generated a turnover of €12m in 2016, according to a statement.

People
Inter-Risco – Isabel Coelho (partner); Isabel Martins (investment director).
Grupo Catari – Carlos Augusto Tavares Nery (founder); Paulo Nery (CEO).

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• Topics
• Expansion
• Industrials
• Southern Europe
• Portugal
• Inter-Risco