PHI Industrial acquires Teknicalde
PHI Industrial, a fund specialized in the management of industrial companies, has acquired the Teknicalde Group.
The 35-year-old Teknicalde Group, based in Elgoibar (Basque Country), has three production plants, two in the Basque Country and one in Burgos, dedicated to laser cutting, cutting and bending, tube cutting and boilermaking, in which it processes more than 8,000 tons of raw materials. It supplies more than 900 customers and 20 final sectors. It has about 100 employees and in 2023 achieved sales of close to 35 million euros and an ebitda of six million euros.
For this acquisition, PHI reached an agreement with Kartesia, which provided the complete financing package, and was advised by Tribeca abogados and Pérez Llorca on the legal side and EY abogados on the tax side. PwC acted as financial advisor for the sale.
The Tribeca Abogados team was led by partner Juan Bezares.
EY Abogados has come to carry out the tax part. The team is Araceli Sáenz de Navarrete (partner), Sergio Peña (senior manager) and Manuel Pancorbo (senior).
Herbert Smith Freehills has advised Kartesia with a team led by partner Sergio Cires, with the support of Carmen Hermosín (senior associate), Miguel Alvargonzález (associate), as well as Marta Esteban (of counsel), who provided tax advice. From Kartesia, the team included Guillermo Ferre, Joaquín Visquert and Jana Homs.
