Go to deals
Business Support Services | Private Equity

Avanza has been acquired by Covisian Group

Avanza, a global BPO company, has been acquired by Covisian Group.

Avanza, controlled by Baring Private Equity Partners, is an outsourcing services provider with more than 4,500 employees, over 300 clients and presence in six countries. Based in Madrid, Spain, Avanza’s main business lines are outsourcing logistics, retail and trade marketing, contact center and back-office services.

Owned by the private equity firm Aksia Group, Covisian Group is the second largest contact center services provider in Italy, with revenues of US$335 million, over 15,000 employees and presence in five countries. This transaction is an important step in the group's strategy to increase its global footprint. The agreement introduces Covisian into Colombia and reinforces its presence in Spain, while providing a portfolio of first-class clients.

Oaklins' team in Spain acted as financial advisor to Avanza in the origination of the process, identification of potential buyers, negotiations and the closing of the transaction.

Parties

Talk to the deal team

Bosco Salaverri Aguilar

Partner
Madrid, Spain
Oaklins SOCIOS

Laura Satrústegui

Partner
Madrid, Spain
Oaklins SOCIOS

Related deals

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
Private Equity | Construction & Engineering Services | Energy | TMT

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.

Learn more
Largest AIM IPO in the business support services sector over the past five years has been completed
Business Support Services

Largest AIM IPO in the business support services sector over the past five years has been completed

MHA plc raised US$131 million (£98 million) through a placing and retail offer, achieving a market capitalization of approximately US$363 million (£271 million) on admission. This was the largest AIM IPO in the business support services sector over the past five years. The IPO provides a platform for continued investment in technology, talent and acquisitions, supporting the group’s ambition to become a top 10 UK professional services firm.

Learn more
Chequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector
Private Equity | Food & Beverage

Chequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector

Chequers Partenaires S.A., acting as the management company of the private equity fund Chequers Capital XVIII SLP, together with management, has completed the acquisition of 100% of the share capital of Gourmet Italian Food S.p.A. (GIF). The company was previously owned by Alcedo SGR S.p.A. through the Alcedo IV Fund, FVS SGR S.p.A. through the Sviluppo PMI Fund, and minority shareholders.

Learn more