M&A Deal Summary

ProA Capital Acquires Neoelectra Group

On July 11, 2018, private equity firm ProA Capital acquired energy services and equipment company Neoelectra Group from Sandton Capital Partners for 120M EUR

Acquisition Highlights
  • This is ProA Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is ProA Capital’s 2nd largest (disclosed) transaction.
  • This is ProA Capital’s 14th transaction in Spain.

M&A Deal Summary
Date 2018-07-11
Target Neoelectra Group
Sector Energy Services and Equipment
Buyer(s) ProA Capital
Sellers(s) Sandton Capital Partners
Deal Type Secondary Buyout
Deal Value 120M EUR

Target

Neoelectra Group

Sant Just Desvern, Spain
Neoelectra Group is a business group specialized in providing efficient energy solutions to the industry. More diversified in services and more specialized in the industrial client, Neoelectra manages cogeneration, biomass, and food CO2 recovery assets and offers a wide range of efficient energy solutions (electricity, heat, steam, water, food CO2, back-up services energy…), industrial services and commercialization of energy and gas for the industry. Neoelectra Group was founded in 1986 and is based in Sant Just Desvern, Spain.

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Buyer(S) 1

Buyer

ProA Capital

Madrid, Spain

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 1.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

ProA Capital is a private equity group firm that invests companies located in Spain. The firm focuses on unlisted medium-sized market companies between €30 and €500 million of company value. Types of transactions include MBO, MBI, SBO, LBO, build-up, Growth capital. The firms invest up to €100 million per operation, with the additional capacity of our co-investors. ProA Capital was formed in 2007 and raised its first fund in 2008. The Firm is based in Madrid.

DEAL STATS #
Overall 15 of 25
Sector (Energy Services and Equipment) 1 of 2
Type (Secondary Buyout) 1 of 2
Country (Spain) 14 of 23
Year (2018) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Suanfarma

Alcobendas, Spain

Suanfarma is a provider in developing, producing, and marketing raw materials and finished dosage forms for the pharmaceutical, biotechnological, veterinary, nutritional, and cosmetic sectors. Suanfarma was founded in 1993 and is based in Alcobendas, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Saba Infraestructuras S.A.

Barcelona, Spain

Saba Infraestructuras S.A. is a benchmark operator in the management of concessionary car parks (through Saba Aparcamientos, with over 190,000 parking spaces in 360 car parks) and logistics centres (through Saba Logística), with presence mainly in Spain, Italy, Chile, and Portugal. Saba Infraestructuras was established in 1966 and is based in Barcelona, Spain.

Sell -

Seller(S) 1

SELLER

Sandton Capital Partners

Investor Investor Investor Investor Investor

Category Lender
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Sandton Capital Partners LLC is an investment firm focused on companies throughout North America and Europe. Sandton looks for companies generating sales between $5 and $150 million. Sectors of interest include agriculture, business services, construction, digital media, distribution, energy services, healthcare services, life science, manufacturing, media, and medical products. Sandton Capital Partners was formed in 2009 and is based in New York City.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Spain) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-31 The Free Lance–Star Publishing

Fredericksburg, Virginia, United States

The Free Lance–Star Publishing Co. is a provider of 31,700-circulation daily newspapers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Vindara

Orlando, Florida, United States

Vindara develops seeds specifically designed for use in vertical indoor farm environments as well as other controlled environment agriculture (CEA) farming methods. Vindara was formed in 2018 and is based in Orlando, Florida.

Buy -
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