Talde, Oquendo exit Rotecna to Solix-backed Skiold

The deal values the company at around €90-100m, Unquote understands.

Skiold also acquired the stake owned by the company's founder. Following the deal, the management team will remain in place and Rotecna will become part of Skiold's existing pig business unit. The group is expected to reach revenues of around €200m in 2020.

Skiold is a Danish provider of equipment, plant installations, software and services to the agri-food sector, focusing on three segments: pig farming, feed production, and seed and grain handling. The company employs 450 people and has production facilities based in Denmark, France and Poland, and sales offices in Sweden, Germany, Spain, Ukraine, Russia, Australia, China and Vietnam.

Skiold is backed by Danish private equity firm Solix, which invested in the business via its €270m Solix Fund I in December 2017.

Talde and Oquendo invested in Rotecna in September 2016. As part of the deal, the company's chair Gener Romeu retained his position and continued to lead the business alongside the management team.

Under Talde and Oquendo's ownership, Rotecna consolidated its market position in Spain, while expanding into new geographies across Europe and Latin America. The company has been growing constantly in the last decade and increased its revenues from €10m in 2010 to nearly €50m in 2020.

Company
Founded in 1991 and headquartered in Agramunt, Rotecna is a manufacturer of machinery for the pig farming industry. The company generates revenues of around €50m.

People
Oquendo Capital – Daniel Herrero (founding partner).

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