Nazca Partners with IDP Shareholders to accelerate its growth plan
- Founded in 1998 in Sabadell (Spain), IDP is the Spanish leader in engineering services based on Building Information Modeling (BIM) and other digitization services for a wide range of sectors.
- Nazca, together with the company’s shareholders, plans to accelerate IDP’s project, carrying out an ambitious business plan that includes both organic growth and acquisitions of other engineering and digital services firms that could generate synergies with IDP.
- This is the second acquisition of Nazca Fund V, focused on investing in SMEs.
Madrid, 23 July 2020.- IDP, a Spanish leader in BIM-based engineering services, has teamed with Nazca Capital, a Spanish private equity firm focused on investing in the Spanish mid-market. IDP shareholders will rely on Nazca’s expertise in developing organic and inorganic growth projects to take advantage of relevant opportunities in the engineering sector, and to enhance the development of its digital services. Nazca will become a majority shareholder in IDP.
IDP, founded more than 20 years ago, is a company specialized in providing engineering services based on BIM methodology. The company has extensive national and international experience in the industrial, logistic, non-residential construction, retail, environmental, and infrastructure sectors. IDP business model is based on innovation, which has allowed the company to apply BIM methodology to the entire life cycle of the asset (design, construction, and maintenance), improving design´s quality and reducing costs and execution times. In addition, the company has developed unique capabilities in digitalization to improve assets performance through the development of Digital Twins for construction, operation, and maintenance. IDP has offices in Spain and Latin America and had sales of €11 million in 2019.
In this new phase, IDP plans to accelerate its organic and inorganic business plan taking advantage of its leading position in the BIM niche, its innovative portfolio services, and the growing trend towards digitalization.
Enric Blasco, current shareholder and CEO of IDP, states that “Nazca’s entry into the shareholding gives a strong boost to our strategic growth plan. Partnering with a fund like Nazca will bring proven experience and a successful strategic, operational and financial vision, improving the company´s organization, processes and operations”.
Carlos Carbó, CEO of Nazca Capital commented “IDP is an innovative and pioneering company in the application of the BIM methodology to the engineering sector and the development of digitization services, a high growth niche market. This is the second investment of Nazca´s Fund V and we are very excited to have partnered with a top-tier management and human team. Together we will address an ambitious growth plan providing our 20-year experience investing in SMEs in Spain.”
PWC and Pérez Llorca have advised Nazca on this transaction and Socios Financieros and Argali have been the sellers´ advisors.
Nazca is a Private Equity funds management company, specialized in the Spanish mid-market. Nazca leads its market segment, both by volume of deals and by profitability of its investments. Since 2001 Nazca has invested the entirety of Funds I, II and III with a respective size of €100, €150 and €230 million, having accomplished 70 transactions: 31 direct investments in companies, 19 additional acquisitions through participated companies and 20 divestments.
Nazca currently manages Nazca Fund IV with a total commitment of €275 million and Nazca Fund V of €150 million for investments in smaller SMEs, both funds sponsored largely by international institutional investors. Nazca’s portfolio is comprised by 10 firms (asides from IDP): FoodBox (retail food), Distribuciones Juan Luna (food processing), Caiba (PET packaging), McBath (cast marble shower trays), Phibo (dental implantology and prostheses), Herbex (fresh aromatic herbs), Terratest (geotechnical and tunneling solutions), Diater (biopharmaceutical), Cinelux (lighting equipment rental) and One Shot Hotels (urban lifestyle hotels). Nazca has divested from: Svenson, Rodilla, Dibaq, Unipost, Vinartis, Lizarrán, El Derecho, Guzmán, Acens, Hedonai, Elogos, Fritta, Autor, IMOncology, Logifrío, Agromillora, El Granero Integral, Eurekakids, Gestair and Grupo OM.