Corpfin buys Dimoldura Group
Corpfin Capital has acquired a majority stake in Spanish wooden doors manufacturer Dimoldura Group.
The company's management team has taken a minority stake in the transaction and agreed a continuation of its consolidation strategy with Corpfin.
Dimoldura has made three bolt-on acquisitions in the past four years, buying domestic competitors Puertas Carsal, Portadeza and Puertas Dimara. It will now look to expand internationally.
Corpfin made the investment from its fourth fund, a €255m buyout vehicle that held a final close in April 2015. The GP held a dry close for its fifth fund earlier this month, which it will begin to deploy only once the fourth fund is fully invested.
Company
Dimoldura was founded in 1996 and is headquartered in Barcelona. The group originally focused on manufacturing mouldings for door profiles but since 2014 has focused on manufacturing the doors themselves. It has the capacity to produce 800,000 doors per year and generated revenues of €52m with a staff of 300.
People
Corpfin Capital – Álvaro Olivares (managing partner).
Dimoldura Group – Rubén Fernández (CEO).
Advisers
Equity – Allen & Overy (legal).
Company – Mainspring Partners (corporate finance).
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