SPAIN – Nazca capital accelerates growth of Acens' portfolio

Hostalia generated EBITDA of EUR 1m on sales of EUR 5m in 2008. Acens projects a turnover of EUR 27m in 2008, a 32% increase over the previous year, and an EBITDA of EUR 9m.

Nazca acquired Acens in January this year in an MBO, valued at EUR 41.5m. The investor holds a 91% stake in the company, while Aleph and founder José Cerdan control minority stakes. The original transaction was leveraged by a EUR 21.5m facility provided by Portuguese bank Caixa Geral de Depósitos.

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• Topics
• Expansion
• Southern Europe