Atitlán Capital backs sports centre

The newly created entity will run the sports facilities that Esportinat previously owned with building firm Secopsa.

Atitlán, which invested via the vehicle Angels Capital, had been analysing the leisure sector for opportunities during the past two years. During this time it received several proposals from companies looking for financing due to the profitability issues faced by many. It believed Esportinat was an attractive investment proposition due to its experience in the design and management of sports centres.

The private equity firm was also attracted by the strong growth exhibited by sports complexes in recent years under the management of local councils. The fragmentation of the market – due to the large number of centres owned by local businesses – means that promising consolidation prospects exist in this sector.

Atitlán plans to grow the business by increasing its number of premises and acquiring local council franchises, possibly even outside of Valencia.

GBS Finanzas acted as corporate finance adviser on the deal.

Company
Founded in 2011, Demmero Group 21 will run sports facilities in Alboraya and Alfafar (Valencia).

People
Jaime Esteban is a director at Atitlan Capital.

Advisers
Equity – GBS Finanzas (Corporate finance).

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• Southern Europe
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