Talde Promoción y Desarrollo has sold its stake in Retineo, S.L. to the management team
The CEO and the management team of Retineo, S.L. have acquired Talde Promoción y Desarrollo (Talde)'s shares in the company and have amortized Talde's outstanding shareholder loans. The Spanish PE fund, which has been sponsoring the company since 2009, sought to divest its interest in Retineo due to statutory obligations. Financial details have not been disclosed.
Based in Madrid, Retineo is a leading Spanish player in the engineering, rehabilitation and restoration sector as well as in the new build construction industry, with a strong technical and organizational complexity.
Talde is a private equity investment management company that invests primarily in Spanish small and medium enterprises, which are supported in the design and execution of their strategic plans focused mainly on national and international growth and sector consolidation.
Oaklins' team in Spain advised the seller in this transaction.
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