Artá Capital buys majority stake in Preving from Corpfin

Alessia Argentieri
26 September 2019

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Grupo March-backed private equity firm Artá Capital has acquired a majority stake in Pamplona-based occupational risk prevention specialist Grupo Preving from Corpfin Capital, which has retained a minority holding in the company.

The deal values the company at around €120m, according to press reports.

Artá deployed capital from its second fund, which held a final close on €400m in February 2018. The vehicle provides equity tickets in the €25-60m range targeting Iberian companies with an enterprise value of €100-500m.

The GP intends to support Preving's growth, accelerate its market consolidation and diversify its portfolio of products in the risk prevention, health and safety, and training and consulting segments.

Corpfin established Preving in July 2015 with the merger of workplace risk consulting companies Preving, Egarsat Prevención and Prevenna, and acquired a majority stake in the group. The GP invested via its Corpfin Capital Fund IV, which closed on €255m in April 2015.

More recently, Corpfin held a final close on its fifth vehicle, Capital Fund V, hitting its €275m target in September 2018, three months after launch.

Company
Founded in 2015 and based in Pamplona, Preving offers occupational risk prevention, and health and safety consultancy to around 70,000 Spanish companies, covering a workforce that exceeds 600,000 employees. The company employs 1,400 staff across its 70 offices.

People
Artá Capital – Ramón Carné Casas, Nicolas Jiménez-Ugarte (managing partners).

Advisers
Equity – Arcano (corporate finance); Deloitte (financial due diligence).
Vendor – DC Advisory (corporate finance); Garrigues (legal).