Abac acquires Motocard

The sellers are the company's founders, who retained a significant minority holding and will continue to lead the business.

Unquote understands that Banco Sabadell, Santander and Bankia provided a debt package to finance the deal.

The GP deployed capital from its Abac Solutions I fund, which held a €320m final close in May 2016 and targets Spanish mid-cap businesses.

The company will use the fresh capital to expand internationally by opening additional stores and growing its online network.

Company
Established in 1982, Motocard is a motorcycle accessories and clothing retailer that sells its products via its website and in 12 stores located across Spain. The company is headquartered in Barcelona and has a logistics centre in Solsona.

People
Abac Capital – Borja Martínez de la Rosa (founding partner).

Advisers
Equity – Baker McKenzie (legal); EY (corporate finance); Deloitte (financial due diligence).
Company – GVC Gaesco (corporate finance); Altius (legal).

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Spain
• EY (Ernst & Young)
• Deloitte