ProA Capital buys Solitium

This is the third deal made from ProA Capital Iberian Buyout Fund III, which held a €475m final close in February 2019, surpassing its €450m target. The fund backs companies with enterprise values of €20-250m that demonstrate a high potential for growth and internationalisation. It deploys equity tickets in the €10-60m range.

Banco Santander provided a debt package to support this acquisition and finance the company's growth in the coming years.

Company
Established in 2005 and based in Zaragoza, Solitium provides IT services, and sells copiers and printers to Spanish SMEs. It employs 600 staff across 33 offices and has 22,000 clients.

The company generated EBITDA of €11.5m from revenues of €103m in 2019. 

People
ProA Capital – Fernando Ortíz (managing partner).

Advisers
Equity – EY (financial due diligence); Linklaters (legal).
Company – Guerreiro y Asociados (financial due diligence); Chequers Abogados (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Southern Europe
• Technology
• Support services
• ProA Capital
• Spain
• Santander
• EY (Ernst & Young)
• Linklaters