TALDE PRIVATE EQUITY announces the sale of its stake in the company Retineo SL, company based in Madrid which operates in the engineering and construction sector.
Talde Private Equity, which became a shareholder of the company in July 2009 through its investment vehicle Talde Capital II, FCR acquiring a share of 49%, has now sold all its shares to the founding partners and management team.
During the period in which Talde has been a shareholder in Retineo, the company has experienced significant development and has achieved important goals. One of the most relevant achievements has been the important international expansion that has enabled it to be present in countries such as Peru, Colombia and Morocco. During this period, Retineo Group has also developed a new division, Specialized Engineering, in which complex and high added value projects are carried out. Furthermore, it has become a local and international reference in the execution of rehabilitation and restoration projects as well as in singular works and in new housing works with a high level of quality in its execution.
The positioning achieved by the company is reflected by the 165% growth it has had in its projects portfolio since 2013, in the solid financial position reached in this period and in the top-level team of nearly 100 professionals that the company currently has; of which more than 50% have a university degree and with whom proposals to clients can be evaluated, selected and submitted with a significant success rate.
Talde, which last year celebrated its 40th anniversary, is the pioneering private group in Private Equity management in Spain. Founded in 1976, it has participated in more than 150 investment projects that it has supported both in their initial stages and in their consolidation and expansion phase and in industrial and service sectors. Since November 2015, it has two vehicles in investment phase: the historical vehicle - Talde Promoción y Desarrollo, SCR and the new fund Talde Capital Crecimiento, F.C.R.; with joint resources exceeding €130 million.
Retineo is the last company in the portfolio of Fund Talde Capital II, FCR that started its activity in 2006; with which Talde has participated in companies such as Neo Group (focused on the provision of telecommunications services to companies and to individuals as well as in the marketing of optical fiber), BC Group (a leading provider in Spain and Latin America of outsourcing services specialized in mortgage management procedures and registry verification for financial institutions, real estate servicers and investment funds; with which Talde was awarded the best Expansion Capital operation in 2015 by the Spanish Association of Capital, Growth and Investment), Noa Visual Group, (a leading company in Europe in the design, production and marketing of visual merchandising – mannequins, busts, etc. - for the fashion retail sector) or Palacios Group (a standard-setting company in the Spanish food sector specializing in chorizo, pizzas, frozen pastry, omelettes and roast meats).
Talde Group has, among its portfolio companies, the following: Rotecna (an internationally leading company in the design, manufacture and marketing of plastic products applied mainly to the equipment for pig farms), Deltalab (a leading company in Spain in the manufacture and marketing of single-use laboratory products with an important international presence), Ñaming (a leading company in Spain in the preparation and distribution of fresh, ready-to-eat sandwiches) and Residencias Nostem (the operation and management of two nursing homes and two adult-day-care centres in the Basque Country).