Cerberus acquires Miura's Gescobro

Gescobro undertook a buy-and-build growth strategy under Miura, bolting on debt servicing firm Unitas in March 2013.

Details of the sale are undisclosed, but Cerberus typically operates in the mid-market.

In October 2014, the firm acquired a 97% stake in real estate management company Sotogrande, alongside Orion Capital Managers, in a deal worth €225m. The previous year, it acquired UK pub group Admiral Taverns from Lloyds Banking Group in a deal said to be worth up to £200m.

Previous funding
Miura acquired an 80% stake in Gescobro in March 2010. CEO Gemma García Goodall 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, according to unquote" data. 

Company
Founded in 1980 and headquartered in Barcelona, Gescobro is a debt management services company. The business, which has a headcount of around 300, managed claims for around €4bn in 2014 – up from €3bn at the time of the Unitas acquisition.

Advisers
Vendor – PwC (Corporate finance); Ashurst (Legal).

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