
Suma Capital backs CS Energy
Spanish private equity firm Suma Capital has acquired Malaga-based biomass specialist CS Energy Spain (CSE) from French entrepreneur Jean Christophe Chalot.
Suma invested an equity ticket of €35m from its SC Efficiency & Environment Fund II; the deal values the company at around €100m.
Following Suma's acquisition, the company will be rebranded as Zero Waste Bioenergy.
The GP currently manages a €50m fund, Suma Capital Growth I, which targets Catalonian SMEs with EBITDA of at least €2m and deploys equity tickets of €5-15m.
Company
Headquartered in Malaga, CS Energy Spain specialises in producing renewable energy from biomass, primarily treating residues from olive oil production and pig farming. It employs 150 staff across five plants located in Andalusia and Castilla-La Mancha, and generates revenues of around €85m.
People
Suma Capital – David Arroyo (partner); Isabel Rayo (associate).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater