M&A Deal Summary

Thesan Capital SL Acquires Aurgi SL

On March 24, 2009, private equity firm Thesan Capital SL acquired retailer Aurgi SL from AC Desarrollo for 5M EUR

Acquisition Highlights
  • This is Thesan Capital SL’s 1st transaction in the Retail sector.
  • This is Thesan Capital SL’s largest (disclosed) transaction.
  • This is Thesan Capital SL’s 1st transaction in Spain.

M&A Deal Summary

Date 2009-03-24
Target Aurgi SL
Sector Retail
Buyer(s) Thesan Capital SL
Sellers(s) AC Desarrollo
Deal Type Secondary Buyout
Deal Value 5M EUR

Target

Aurgi SL

Leganes, Spain
website
Aurgi, S.L. operates as a wholesaler and retailer of automotive spare parts and accessories. The company also operates auto repair centers. The company is based in Leganes, Spain.

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Buyer(S) 1

DESCRIPTION

Thesan Capital is a Spanish private investment firm focused on distressed situations. Thesan looks for businesses with 'sound underlying business models', but in need of financial or operational restructuring. Thesan requires control when making an investment and will consider purchasing debt and/or equity. Thesan Capital is sponsored by Nomura and is based in Madrid.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Spain) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

AC Desarrollo

Madrid, Spain

website


Category Private Equity Firm
Founded 1999
PE ASSETS 345M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AC Desarrollo is the private equity arm of Ahorro Corporación, a financial services group. AC Desarrollo focuses on acquiring middle market businesses throughout Spain. AC has no industry preferences and will consider both majority and minority positions in portfolio companies. Sectors AC has invested in include food/beverages, domestic cleaning products, air conditioning, toys, telecommunications, retail, and software. Prospective transaction situations include buyouts (MBOs, MBIs, and LBOs), consolidations, startups, and growth capital financing. AC Desarrollo was formed in 1999 and is based in Madrid. The Firm is no longer active.


DEAL STATS #
Overall 16 of 25
Sector (Retail) 1 of 2
Type (Secondary Buyout) 3 of 4
Country (Spain) 14 of 23
Year (2009) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-01 Aseguramiento Técnico de Calidad S.A.

Valencia, Spain

Aseguramiento Técnico de Calidad, S.A. is a provider of technical vehicle inspection and road testing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-20 Endaki Tecnocast SL

Leon, Spain

Endaki Tecnocast SL is dedicated to manufacturing large foundry pieces, with the factory is in La Robla (León).

Buy -