Nazca sells Ediciones Francis Lefebvre its shareholding in publishing group El Derecho and Quantor

Nazca Capital has reached an agreement with Ediciones Francis Lefebvre for the sale of a controlling shareholding in Grupo El Derecho, a leading electronic format legal publisher in Spain, thereby doubling its size and strengthening its financial capacity and innovation to lead the legal publishing sector.

In 2006, Nazca Capital supported Pedro Llorente, founder of El Derecho, and the rest of the management team in undertaking an MBO. During this time, Nazca Capital, from the Management Board, actively participated in the strategic development and consolidation of El Derecho as a leading technological platform in Spain. Additionally, Nazca made a decisive contribution to selecting, negotiating and structuring the strategic alliance with Francis Lefebvre, fulfilling the objective of leaving a very attractive growth project to the company and its management team.

The managers of Grupo El Derecho highlight that the most important factor of this alliance with Francis Lefebvre is the strategic strengthening of the company and the benefits for clients of the Group, allowing immediate access to a larger range of services, using the know-how and technology of a European leader.

Carlos Carbó and Álvaro Mariátegui, Managing Directors of Nazca Capital, indicated that “the incorporation of Nazca just under 4 years ago allowed the stimulation of the growth project of the company for consolidation as leader in electronic format legal content for professionals with sales of over 20 million euros and undergoing growth of tis profits of over 10% annually between 2006 and 2010. As investors, our commitment to a robust management team, with an ambitious project and top quality partners, has been much more fruitful than our initial expectations.”

The legal advisors who intervened were DLA Piper and Araoz & Rueda for the seller and Uría Menéndez for the buyer. There was no intervention by Business Banks. In turn, the legal due diligence was carried out by Deloitte and KPMG.