PE-backed Secuoya buys stake in BGL

Secuoya acquired the stake from BGL's original shareholders, the Gil Perez family, who will retain a stake in the firm. Both parties have agreed to provide follow-on funding to finance the company's international expansion.

N+1 Mercapital acquired a 55% stake in Secuoya in November 2012 in a deal that gave the firm an enterprise value of €40m. The GP also committed to the provision of a further €20m in follow-on funding. The deal was completed via Dinamia Capital Privado, a listed private equity vehicle, and N+1 Private Equity Fund II.

Company
Founded in 1968 and based in Zaragoza, BGL is an audiovisual engineering company that focuses on international projects. The firm specialises in TV and radio, post-production, news-editing systems, continuity and virtual studios. Clients include television channels, theatres, museums, concert halls and universities in six countries.

People
Ignacio Moreno led the acquisition of Secuoya in 2012.

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