MCH backs TCI Cutting via SOPEF

SOPEF is a €200m vehicle launched in October 2018 with the aim of supporting the international development of Spanish businesses. The fund is a joint venture between Spanish State-backed Compañía Española de Financiación al Desarrollo (Cofides) and the State General Reserve Fund of Oman.

The vehicle acquires minority stakes in mid-market Spain-based companies with international growth plans, operating across the manufacturing, mining, construction, tourism, logistics, health, infrastructure, energy, food and agri-food sectors.

TCI Cutting intends to use the fresh financing to further consolidate its position in Spain, enlarge its product offering and boost its international expansion, primarily in the American and Australian markets.

Company
Established in 2001 and headquartered in Valencia, TCI Cutting is a manufacturer of waterjet and fibre laser cutting machines used by the aeronautic, defence, naval, automotive and metallurgical industries.

People
TCI Cutting – Emilio Mateu (CEO).
SOPEF – Celia Andreu (partner).

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• Topics
• Expansion
• Southern Europe
• Industrials
• MCH Private Equity
• Spain