Pinsent Masons advises on the sale of TwentyFour Seven

Three Hills has announced the closing of its investment in leading production services company TwentyFour Seven Group. The transaction facilitates a management buyout and strengthens 24.7’s ability to continue its international expansion through mergers and acquisitions. With it, the founders and management team, including Ivo Van Vollenhoven, Alvaro Weber and Gordon Mackinnon, regain control of the company following a five-year investment by Spanish private equity firm Nexxus Iberia.

This is the eighth transaction for Three Hills Capital Solutions IV, which closed in October 2022 with a hard cap of just over €1 billion. It also marks the Firm’s second transaction in Spain this year, following the closing of an investment in agri-food software and technology specialist Hispatec through Three Hills’ impact strategy.

Pinsent Masons team has advised Nexxus Iberia led by Francisco Aldavero, partner, together with Juan Hernández-Canut, associate, both from corporate. Also present were José Millán, partner, and Jesús Priego, associate, both from finance.