July 2006: The private equity fund Advent International (“Advent”) has acquired 100% of the share capital of Euroloc de Maquinaria, S.L. (“Euroloc”) for an enterprise value in excess of €200 million via a non-competitive out of the market transaction.
Euroloc is the second largest machinery rental company in Spain, with expected revenues and EBITDA for 2006 of € 75 and € 35 million, respectively.
This transaction culminates a two-year period in which SOCIOS has collaborated with Advent in its analysis of acquisition opportunities in the Spanish machinery rental market.
Likewise, this transaction is one of the largest carried out by a venture capital fund in an off-market process, within the Spanish market.
SOCIOS identifys the opportunity and advises the sellers on the negotiation and execution of the transaction.