GPF Capital to sell Acuntia to Vinci Energies

Once approved by the Spanish competition authority, Vinci will acquire an 85% stake in the target, leaving 15% in the hands of senior management. The purchase price has not been disclosed.

Previous funding
GPF acquired its majority stake in Acuntia via a secondary buyout from Corpfin Capital in January 2016. That deal, estimated by unquote" to be worth between €50-75m, brought to an end Corpfin's four-and-a-half-year ownership of the business and is thought to have generated the backer a 4x return.

Company
Founded in 1991 and headquartered in Madrid, Acuntia is a provider of ICT products and services. The Spanish firm designs, implements, maintains and monitors the communications networks of a wide range of corporate customers via a network of branches throughout Spain. It also provides solutions and services in several countries in the Americas, Europe, Asia and Africa.

Acuntia's clients include telecommunications operators, large corporations (including a high proportion of the Ibex-35 companies) and public institutions. It employs 340 staff and generated revenues of €90m in 2016. The latest filed profit figures for the company show an EBIT of €5.6m in 2015.

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

• Topics
• Exits
• Southern Europe
• Technology
• Spain