Reports in the Spanish press suggest that the final dispute for Avanza is between Apax Partners and Doughty Hanson. The firms are said to have submitted the most attractive bids to acquire the majority of the shares in the transport group from its founders. If Doughty Hanson succeeds, this would be the first acquisition of the firm's newly-established Spanish branch.
Austria-based electrical engineering company had filed for insolvency in April 2020
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Company has generated €12m in revenues and has a 25% EBITDA margin