
Iman Capital backs Spanish fintech company Crealsa
Newly established British GP Iman Capital Partners has acquired a majority stake in Spanish digital banking specialist Crealsa.
Crealsa's co-founders, Jose Molina and Javier Chisbert, will retain a significant stake in the company, and Molina will continue to lead the business as CEO.
The GP intends to support the company's growth, strengthen its market position across Spain and increase its revenues to €100m in 2020.
Crealsa is the first investment made by Iman Capital, a private equity house established in 2018 and headquartered in London.
The firm focuses on special situations and strategic private equity opportunities across Iberia and the rest of Europe. It targets companies with enterprise values of €15-30m, operating in the fintech, credit and real estate sectors. Iman invests in partnership with selected institutional and private investors.
Company
Established in 2009, Crealsa is a digital platform that provides financing and banking to Spanish SMEs. The company is headquartered in Valencia with commercial branches in Madrid and Murcia. It generated revenues of €76m in 2019.
People
Iman Capital – Andrés Rubio (founding partner).
Crealsa – Jose Molina (co-founder, CEO).
Advisers
Equity – Arcano (corporate finance); Gómez-Acebo y Pombo (legal); KPMG (financial due diligence).
Company – Cuatrecasas (legal); EY (financial due diligence).
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