Capzanine backs Ivnosys

The company's founders and co-CEOs, Sergio Ruiz and Jaime Castelló, retained the remaining 60%.

The GP deployed capital from its Capzanine 4 Flex Equity fund, which held a final close on its €350m hard-cap in October 2016. The vehicle backs high-growth SMEs with revenues of up to €150m, and provides a mix of equity and mezzanine debt.

Capzanine 4 Flex Equity has recently made another investment in Spain by acquiring, alongside Nexxus Iberia, a minority stake in a medical group composed of three companies: Dorsia, Eva Fertility and Origen. The GPs bought a 35% stake in the business and both deployed equity and mezzanine debt for the financing.

Company
Established in 2011 and based in Paterna, near Valencia, Ivnosys is a software developer that specialises in providing companies with a security and digital identity platform that enables the use of electronic signatures and safe virtual documentation. The company expects to generate revenues of €5m in 2018.

People
Capzanine – José Tomás Moliner (Spain country manager).
Ivnosys – Jaime Castelló, Sergio Ruiz (co-founders, co-CEOs).

Advisers
Equity – PwC (financial due diligence); Pedersen & Partners (corporate finance); King & Wood Mallesons (legal).
Company – Finenza (corporate finance); A Rodriguez-Arías (legal).

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