M&A Deal Summary

Artá Capital Acquires Gascan

On January 1, 2017, private equity firm Artá Capital acquired energy services and equipment company Gascan from Explorer Investments

Acquisition Highlights
  • This is Artá Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is Artá Capital’s 1st transaction in Portugal.
Investment Fate
  • Gascan was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2017-01-01
Target Gascan
Sector Energy Services and Equipment
Buyer(s) Artá Capital
Sellers(s) Explorer Investments
Deal Type Secondary Buyout

Target

Gascan

Lisbon, Portugal
Gascan is a player in the piped LPG segment in Portugal, serving more than 65,000 domestic clients located throughout the country. The company manages its own supply infrastructure, comprising over 2,000 tanks and nearly 750km of associated pipes, and supplies over 12,000 tonnes of LPG each year. Gascan was founded in 1993 and is based in Lisbon, Portugal.

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Buyer(S) 1

Buyer

Artá Capital

Madrid, Spain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 800M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Artá Capital is a private equity firm focused on investing in and acquiring businesses throughout the Iberian peninsula. Artá Capital has a preference for growth deals and buyouts of middle-market family-owned companies. Artá is sector agnostic and generally looks for businesses valued between €100 and €500 million. Artá Capital was established in 2008 and is headquartered in Madrid.


DEAL STATS #
Overall 8 of 19
Sector: Energy Services and Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 3
Country: Portugal M&A 1 of 2
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Ros Roca

Lleida, Spain

Ros Roca is a manufacturer of equipment used for waste collection and urban cleaning, as well as in the design of waste treatment plants. Exports to 70 countries, and has direct presence in Spain, UK, Germany, France and Brazil. Ros Roca was founded in 1953 and is based in Lleida, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 Alvinesa Natural Ingredients

Ciudad Real, Spain

Alvinesa Natural Ingredients is a winemaker. It is an industrial complex involved in the production of wine alcohols, tartaric acid, and nugget oil, as well as anthocyanins and polyphenols in the grape. Alvinesa Natural Ingredients was formed in 1993 and is based in Ciudad Real, Spain.

Buy -

Seller(S) 1

SELLER

Explorer Investments

Lisbon, Portugal

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Explorer Investments is a private investment firm that looks to fund buyouts, as well as provide expansion and replacement capital to middle-market Portuguese companies. Explorer looks to invest a minimum of €10 million in transactions valued up to €150 million. Explorer does not have any sector preferences and typically holds investments for three to six years. Explorer Investments was formed in 2003 and is based in Lisbon, Portugal.


DEAL STATS #
Overall 10 of 27
Sector: Energy Services and Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 7
Country: Portugal M&A 7 of 23
Year: 2017 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 CFO

Pedroso, Portugal

CFO specialises in transformation and preparation of ferrous scrap- metal for recycling. CFO was founded in 1965 and is based in Pedroso, Portugal.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 FORteams Lab

Vizela, Portugal

FORteams LAB is a textile‑manufacturing company specialising in sports‑merchandising, fashion apparel and accessories with full in‑house production services. FORteams Lab was founded in 1993 and is based in Vizela, Portugal.

Buy -