Kartesia leads €52m round for Aten Oil

The funding round includes a €45m unitranche loan and an additional €7m convertible loan, according to a statement. The company aims to use the fresh funding to pursue its build-up strategy and is already targeting a petrol station group, Sitor, with a portfolio of 11 petrol stations, one store facility and one wholesale facility based in Madrid, unquote" understands.

Aten's shareholder base includes real estate and infrastructure investor Marcol.

Recently, Kartesia launched its Kartesia Credit Opportunities IV vehicle, which is still in its fundraising phase and currently has €456m of assets under management.

Company
Aten is a fuel retail business platform headquartered in Madrid.

People
Kartesia Advisor – Jaime Pireto (managing partner).
Aten Oil – Liborio Porteros (CEO).

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• Topics
• Expansion
• Consumer
• Southern Europe
• Spain