Magnum-backed Lexer bolts on Cobralia

The acquisition is part of Magnum Capital's buy-and-build strategy aimed at creating a large group operating in the legal and financial sectors.

Following the deal, Cobralia founder and CEO Fernando Cañellas will stay on with the business and reinvest in the combined group.

Magnum bought a majority stake in Lexer in December 2018 via its €394m second fund. The company's founders and shareholders, Manuel Broseta and Antonio Navarro, retained a minority stake in the business. Lexer generated revenues of €19.5m in 2018.

Company
Founded in 2002 and based in Madrid, Cobralia is a debt recovery platform that provides debt repayment services from amicable negotiations to legal procedures. The company employs 220 staff and generates annual revenues of around €12m.

People
Cobralia – Fernando Cañellas (CEO).
Lexer – Ignacio Calomarde (CEO).

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