Disinvestments

Renertia, the private equity firm specialized in the development and investment in renewable energy generation companies and plants, has agreed the sale to Q-Energy of the photovoltaic plants portfolio of its first fund, Renertia Gestión Solar 1. This first fund consists of a package of prime installations with a total capacity of 15MW located in Tenerife, La Rioja, Valladolid, Valencia, Toledo, Huesca, Valencia and Segovia. Renertia has obtained with this operation a return close to 100% of the capital invested at the time.

The venture capital fund manager (Private equity) Sherpa Capital, focused on investment in medium-sized companies with more than 400 million euros under management, has announced the sale of Cegasa Portable Energy to the Mexican listed company Compañía Minera Autlán, S.A.B. from C.V. (Autlán) for 26,35 million euros.

Founded in 1934 and located in the País Vasco, Cegasa Portable Energy is the second largest producer of the electrolytic manganese dioxide in Europe, with annual sales of €17,7 million in 2019. The sale includes 50% of the shareholding that the company keeps in Energía Portable Cogeneración, a partnership with Iberdrola Cogeneración that operates an electric power generation unit.

The private equity firm GED, which operates in middle market segment, through its subsidiary GED Infrastructure, has completed the 8,27% share sale that its infrastructure fund boasted of Empark Aparcamientos y Servicios. The sale was made in favor of two of the current Empark Aparcamientos shareholders. The operation, closed in 2016, has ended in February after the bondholders syndicate approval that currently finances Empark.

The investment of GED Infrastructure fund in the project ran into 20,5 million euros, constituting one of the most relevant operations of the investment vehicle. The sale was made after the objectives for the investment were reached.

The (private equity) firm Miura Private Equity has closed Guzman Gastronomía sale to the South African Bidcorp, the world leader in foodservice. The management team, led by Jordi Franch, Guzman Gastronomía CEO, will continue leading the company with 10% of the capital.

Since Miura entry in Guzman´s capital on 2011, the company has gone from sales of 34 million euros to exceed the €100 million planned for 2017.

Mediterrania Capital Partners, the venture capital firm managed by Riva y García, focuses on Growth projects for SMEs in North Africa and sub-Saharan Africa, announces its parting from Grupo San José & López (SJL), logistics and International road cargo Transportation Company with operations in Morocco, Tunisia and Algeria.

With its headquarters located in Tangier (Morocco) and Oiartzun (Spain), SJL’s main activity is road transportation between Europe and North Africa countries. The group also offers logistics, storage and national transportation services.