The operation, which amounted to 45 million euros, was carried out through a management buy out (MBO) – acquisition by a private equity fund in which the management team holds a percentage of the capital – and financed by the Investment Bank (subsidiary of Caixa Geral de Depósitos). Atlas Capital advised the selling shareholders.
José Cerdán, the current managing director of Nazca, will continue to hold this post, while Miguel Canalejo, president of Nazca, will take on the presidency of the new group, which does not rule out making acquisitions.
According to the company, the incorporation in Acens “will strengthen the strategic development and growth of the company.” The group forecasts annual growth of 20% between 2007 and 2011, in which around 20 million euros will be invested in technology and platforms. The strategy will be based on increasingly specialised and customised services for clients. These services amounted to 50% of sales in 2006, and it is expected that they will represent 75% in 2011.