Case study

Ibertasa, S.A. has been acquired by Miura Private Equity and Charme

The founding partners of Ibertasa, S.A. have sold the firm to Charme Capital Partners (Charme) and Miura Private Equity (Miura). The private equity funds have also jointly acquired the Spanish appraisal companies Valtecnic and VTH. Financial details have not been disclosed.

Based in Madrid, Ibertasa is a leading Spanish real estate appraisal company. The firm, with 150 employees and a network of 600 external associates, completed over 77,000 appraisals for 20 banks in 2016.

With offices in Milan, London and Madrid, Charme Capital Partners is a private equity fund which invests across Europe, with particular focus in Italy, the UK and Spain. Miura Private Equity is a mid-market private equity firm based in Barcelona. Miura and Charme, which coinvest in the project with similar resulting stakes in the combined group, seek to benefit from the Spanish real estate market recovery and participate in a consolidation process going forward.

Oaklins' team in Spain acted as financial advisor to Ibertasa’s shareholders on the identification of acquirors, execution, negotiation and closing of the transaction.

Tombstone image for Ibertasa, S.A. has been acquired by Miura Private Equity and Charme

Key deal contacts

José Falgás

Spain

Partner

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