Miura Private Equity's Gescobro buys Unitas

The acquisition, funded via a capital injection from Miura Private Equity, will aim to strengthen Gescobro's position within the credit management market in Spain.

Miura acquired an 80% stake in Gescobro in 2010. CEO Gemma García Godall invested alongside Miura and took the remaining 20% stake in the business. The deal, valued at less than €25m, included financing provided by BBVA and Banco Santander.

Company
Headquartered in Madrid, Unitas offers debt management services to international investment funds with debt portfolios in Spanish banks. Unitas employs around 25 members of staff, specialising in debt recovery services for sub-performing loans. 

Following the acquisition, Gescobro will have more than 300 members of staff. Its debt under management will rise to more than €3bn.

People
Luis Seguí, Javier Torres and Angel Alvarez worked on the 2010 deal for Miura.

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• Topics
• Southern Europe
• Portfolio management
• Financials
• Spain
• Miura Private Equity