Nexxus Iberia invests in Fuertes Gimeno Comunicaciones

Nexxus Iberia will support FGC's management team in consolidating the company's market position and expanding its international presence in Europe and Latin American, according to a statement.

The GP deployed capital from Nexxus Iberia Private Equity Fund I, which held a first close on €130m in January and is expected to hit its €200m target by the end of the year, according to the firm.

The fund plans to make 8-10 majority and minority investments in Iberian companies with €5-10m EBITDA and enterprise values of between €40-100m, operating across a range of sectors and with the potential to be scaled and expanded into Mexico and the US.

Nexxus Iberia is a private equity fund manager founded in 2016 to support Iberian SMEs in their growth and international expansion in Europe and Latin America. It is part of Nexxus Capital, a Mexican private equity firm.

Company
Founded in 1998 and based in Córdoba , FGC specialises in the deployment, maintenance, upgrade and optimisation of mobile and fixed networks for telecoms carriers and equipment vendors. The company provides consultancy, outsourcing of qualified personnel, site location management, first line maintenance of network, and engineering projects. It has clients in Spain, Germany, the UK and 10 Latin American countries, including Mexico.

People
Nexxus Iberia – Maite Ballester (managing partner); Pablo Gallo (partner).
Fuertes Gimeno Comunicaciones – Rafael Fuertes Gimeno (founder, president); Vidal de Torres (CEO).

Advisers
Equity – EY (financial due diligence); Garrigues (legal); Candesic (commercial due diligence).

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

• Topics
• Expansion
• Southern Europe
• Support services
• Spain