Cuatrecasas advises on Portobello Capital’s entry into the capital of Plexus Tech

Cuatrecasas has advised Portobello Capital on its entry into the capital of the Galician company Plexus Tech, a leading company in IT services, to support the expansion plan of the group lead by Antonio Agrasar.

The investment was made through its minority fund, Portobello Structured Partnerships Fund I, reaching an agreement to join the shareholding of Plexus Tech, a Galician company immersed in a rapid growth process both organically and through acquisitions.

The main goal of the transaction is to support the growth and financing of the acquisitions that the technology firm is carrying out to expand its activity into new services and countries. Last year, Plexus acquired Madrid-based company Brücke, and in 2022, it acquired Human Computer Development (HCD).

The technological company, founded in 2000 in Santiago de Compostela and dedicated to the digital transformation of companies, reached a turnover of 185 million euros in 2023, after growing at an annual rate of more than 20% over the last decade. The company has a broad portfolio of clients, including practically all the companies across IBEX 35, major retailers, tourism operators, and financial entities

The team in charge has been formed by Francisco J. Martínez (partner), Soraya Romero (associate) and Sofía Lluch (associate).

Soraya Romero (associate) and Sofía Lluch (associate)

Julia Gil