Aurica Capital invests in Winche
Aurica Capital, the private equity arm of Banco Sabadell, has backed Winche Redes Comerciales, a Spanish outsourcing company.
Unquote understands that Aurica acquired a 40% stake in the business from the company’s founder and president Javier Sherk.
The company plans to use the fresh capital to expand further in Spain and in the rest of Europe and consolidate its market position.
The GP deployed capital from its Aurica III fund, which held a €140m second close in April 2017. The vehicle has recently invested in Spanish restaurants manager Grupo Larrumba and last year backed colour additives producer Delta Tecnic and mattress manufacturer Flex.
Company
Founded in 2002 and headquartered in Barcelona, Winche specialises in sales outsourcing, audit, consultancy and commercial campaigns. It generated EBITDA of €3.8m from revenues of €23.8m in 2017 and expects to reach a turnover of €28m in 2018. The company's client base includes Spanish and international brands such as Henkel, Sanofi, Danone and Puig. Winche employs around 600 staff.
People
Winche Redes Comerciales - Javier Sherk (founder, president).
More on Expansion
Blackstone takes minority stake in Groupe Premium
Deal values French wealth manager at EUR 1.15bn after earlier full exit attempt saw Eurazeo target EUR 1.5bn
e-Attestations aims to triple size with new Keensight backing
Keensight is investing in the risk management platform via its EUR 1bn fifth fund, which closed in 2019
The Bolt-Ons Digest - 3 July 2023
Unquote’s selection of the latest add-ons with Palatine's Anthesis, Nordic Capital's Regnology, Waterland's Janssen and more
GP Profile: Limerston Capital anticipates higher volume but more complex M&A as market steadies
UK-based GP is seeing dealflow driven by carve-outs and buy-and-build in a market where organic multiple arbitrage is no longer a given
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater