Eversheds Sutherland advises Alantra on the financing to TSS for the acquisition of Alvic

Eversheds Sutherland Spain has advised Alantra in the closing of a facility transaction in favor of Total Specific Solutions (TSS) for the acquisition of the Spanish company Alvic.

The legal team has been formed by Teresa Villarroya Vargas (partner), Marta Becker (senior lawyer) and Eugenia García-Calzada Villar (lawyer).

Alantra has closed the first investment of its third direct financing fund, with the financing to Total Specific Solutions (TSS) for the acquisition of Alvic, a leading Spanish company in the development, installation and maintenance of software and hardware for gas stations.

Alvic, founded in the 1980s by Jaume Arcarons and based in Centelles (Barcelona), has become the leading supplier of low-cost brands. Jaume, its founder, will continue to be part of the management team to help TSS in this new phase of the company’s growth.

TSS is a Netherlands-based group with more than 25 years of experience in acquiring and optimizing software companies and is part of the listed Constellation Software group. TSS has a portfolio of +137 companies, a presence in 23 countries, more than 6,000 employees and a turnover of more than 900 million euros.

Luis Felipe Castellanos, Managing Partner of Alantra Deuda Privada has also expressed his satisfaction after the closing of this transaction: “It has been a pleasure to support TSS in the acquisition of such an innovative company and leader in its market. We are convinced that Alvic will strengthen its leadership position thanks to TSS’s experience and Jaume’s vision.”

The first closing of Alteralia III represents another important step in the strengthening of Alantra’s Private Debt division in its international expansion. The firm currently manages close to €1 billion across its various private debt strategies in Europe, including senior debt, unitranche, mezzanine, special opportunities and private bond solutions for family-owned or private equity firms in any sector.

Julia Gil