Crest Capital backs Global Fire Equipment

Unquote understands that the GP invested around €10m in equity while a debt package was provide by Banco Português de Investimento and Banco BIC.

Global Fire's founder and CEO João Paulo Galvão, who retained a minority holding, will continue to lead the business, while Crest's partners Marco Lebre, Inês Lopo de Carvalho and David Calem Ferreira will join the company's board to support the management team.

This is the first investment made by the GP with its debut fund Crest Capital I. The vehicle was launched with a €100m target, held a first close on €97m in April and expects to hold a final close by the end of October. 

Company
Established in 1994 and headquartered in São Brás de Alportel, in Algarve, Global Fire designs and manufactures smoke, fire and heat detectors, alarm beacons, sprinkler systems and fire alarm control panels. The company has a market presence in 85 countries, employs 75 staff and generated revenues of €9m in 2017.

People
Crest Capital Partners – Marco Lebre (founder, CEO).
Global Fire Equipment – João Paulo Galvão (founder, CEO).

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