Tikehau inks €60m unitranche for Terratest

The deal saw Tikehau act as sole arranger for the credit facility. Following the transaction, the company aims to use the capital injection to expand internationally both organically and through bolt-on acquisitions.

According to a statement, this is the third transaction for Tikehau in Spain, after arranging financing for Telvent in April 2015 and Elix Polymers in September 2016.

Previous funding
In October 2014, Los Angeles-based Platinum Equity acquired a minority stake in the business via its third vehicle, Platinum Equity Capital Partners III.

Company
Founded in 1959, Terratest provides foundation work, ground improvement and micro-tunnelling services for large-scale international infrastructure projects, industrial, commercial and residential construction. The company is headquartered in Madrid and has 1,327 employees.

People
Tikehau – Carmen Alonso (head of Iberia).
Terratest – Enriwue Torres (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Refinancing
• Industrials
• Southern Europe
• Spain
• Refinancing