Nazca buys engneering specialist IDP

With Nazca's support, the company intends to boost its growth both organically and via strategic add-ons across the engineering services sector, while enhancing the development of its digital services.

The GP invested in IDP via Nazca Fund V, a lower-mid-market vehicle that closed on its €150m hard-cap in June 2019. The fund targets majority and significant minority stakes in small Iberian companies, and typically deploys equity tickets of €7-20m.

This is the second acquisition made by the fund, following its investment in Madrid-based lighting rental business Cinelux in July 2019.

Company
Established in 1998 and based in Sabadell, IDP provides building information modelling and engineering services to companies operating across the infrastructure, construction, retail, environmental and energy industries.

IDP has offices in Spain and Latin America and had sales of €11m in 2019.

People
Nazca Capital – Carlos Carbó (CEO).
IDP – Enric Blasco (CEO).

Advisers
Equity – PwC (corporate finance); Pérez Llorca (legal).
Company – Socios Financieros (corporate finance); Argali (legal).

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