PE-backed Gloval bolts on Prime Yield

Following the acquisition, Gloval expects to expand its international operations in Portugal and several Portuguese-speaking markets in Latin America and Africa.

Nelson Rêgo, founder and CEO of Prime Yield, will keep his current role and become Gloval's international business development manager for valuation and real estate consulting services for investment funds.

Charme Capital Partners and Miura Private Equity acquired Ibertasa, Valtecnic and VTH, three Spanish companies specialising in asset valuation, and merged them in a new entity named Gloval in September 2017. Subsequently, the group acquired Madrid-based real estate specialist VT Asset and engineering consultancy OCO in 2018.

The combined entity generated revenues of €44.6m in 2017 and expects to reach €50m in 2018, following the integration of the three companies acquired this year, Unquote understands.

Company
Established in 2005 and based in Lisbon, Prime Yield is a provider of valuation and real estate consulting services for large international investment firms, including large private equity funds, financial institutions and insurance companies.

Prime Yield has advised international firms such as Bain Capital, KKR and Cerberus, and financial entities such as Banco Portugués de Investimento, GE Money, Santander, BBVA and Bankinter. It employs 80 staff across its three offices based in Portugal and its subsidiaries in Brazil, Cape Verde, Mozambique and Angola. 

People
Gloval – Roberto Rey (president, CEO).
Prime Yield – Nelson Rêgo (founder, CEO).

Advisers
Acquirer – Gómez-Acebo & Pombo (legal); BDO (financial due diligence).
Vendor – DLA Piper (legal).      

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• Topics
• Portfolio management
• Southern Europe
• Financials
• Miura Private Equity
• Portugal
• Build-up
• Buy-and-build
• DLA Piper