Minerva Capital acquires Indiba
Minerva Capital, the Spanish private equity funds advisor, has acquired 80% of Indiba, a developer of electro-medical equipment with an enterprise value of EUR 20m. The management team has also taken a 10% shareholding with an option to buy the remaining 10% in the future. Indiba was sold through a limited auction organised by a local intermediary.
Founded in 1983, Indiba employs 25 members of staff although much of the research work is outsourced.
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