Crest acquires Irmarfer

Crest acquired Irmarfer from the company's founders, who will remain in the management team and retain a relevant stake in the share capital.

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

The GP deployed capital from its Crest I Fund, which held a first close on €97m and a final close in October 2018 on its €100m target. The vehicle deploys equity tickets of around €10m to acquire primarily majority stakes in Portuguese companies with EBITDA in excess of €2m.

This is the second investment made by the fund, following the acquisition of Global Fire Equipment, inked in September 2018.

Company
Founded in 1998 and headquartered in Lisbon, Irmarfer specialises in the production of tents and stages for cultural, musical and sport events, as well as for industrial applications. The company employs a staff of 230 people and generates annual revenues of €18m, of which 40% comes from abroad.

People
Crest Capital Partners – Marco Lebre (founder, CEO).

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• Topics
• Buyouts
• Southern Europe
• Industrials
• Portugal