SPRINGWATER CAPITAL takes majority stake in IMTECH ESPAÑA
Context
The acquisition of Imtech España by Springwater Capital is a strategic move to create a national engineering services champion in Spain with a critical size to compete internationally. The transaction is subject to approval of the Spanish merger authorities. The acquisition fits well into Springwater's strategy to build a strong presence in the industrial services sector in Spain. Imtech España's operations and employees will be integrated into Springwater's existing portfolio of companies in the sector. The acquisition will provide Imtech España with the stability and resources needed to continue growing and creating value for its stakeholders. The deal structure is flexible and accommodating, addressing the needs of all stakeholders involved.
IMTECH ESPAÑA, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).
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Target
Imtech España is a leading provider of technological solutions for the building and industrial sectors in Spain. It is made up of two divisions that offer installation and maintenance services for projects of high technological value. Imtech España has extensive experience gained over forty years and the employees’ continuous training enable the company to offer a highly professional team and to guarantee the most effective solution to each project. The company's headquarters is located in Madrid and it also has offices in the main Spanish cities, as well as subsidiaries in Chile, Peru, and Morocco. Imtech España's business model is focused on providing high-quality services to its clients, and its revenue is generated through a combination of installation and maintenance services. The company's distribution channels include direct sales to clients and partnerships with other companies in the industry.
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|---|---|---|---|---|
| 12/2015 | BRIDGEPOINT | ELEMENT MATERIALS TECHNOLOGY | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
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| 07/2011 | IK PARTNERS | TRIGO | FRANCE | TIC (Testing, Inspection, Certification) |
| 04/2010 | Vallourec | SERIMAX | FRANCE | Welding & Piping Services |
| 03/2010 | HG CAPITAL | JLA | UNITED KINGDOM | Equipment Rental |
| 02/2010 | BRIDGEPOINT | LGC GROUP | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
REFERENCES
Revenue range: 100M - 200M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: imtech españa
Acquirer: springwater capital