
Highgrowth sells Facomsa stake to Prudential Tradelink
Spanish VC investor Highgrowth has sold its 35% stake in automotive components manufacturer Facomsa in a trade sale to Prudential Tradelink.
Prudential Tradelink, operating in the industrial sector and based in India, has also acquired shares in the firm from the founding family to gain control of the company.
Previous funding
Highgrowth acquired Facomsa in 2007 through the vehicle Highgrowth Innovació, which makes capital commitments of €500,000-3m in Spanish SMEs. At the time of the investment, Facomsa reported revenues of €8m.
Company
Founded in 1985 by the Soriano family and based in Barcelona, Facomsa is a motorcycle parts manufacturer.
The company has manufacturing premises in Spain, Brazil and China.
People
Ferran Lemus is president of Highgrowth.
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