CFI advised Portobello Capital on the acquisition of a majority stake in Centauro Rent a Car
Madrid – CFI acted as the exclusive corporate finance advisor to Portobello Capital (“Portobello”), in the acquisition of a majority stake in Centauro Rent a Car, S.L. (“Centauro” or the “Company”).
Founded in 1973 and headquartered in Benidorm, Centauro is one of the leading off-airport rent-a-car operators in Spain and Portugal with fifteen branches located in key tourism destinations on the Mediterranean and Atlantic coast. The Company manages a fleet of over 18,000 vehicles. In 2016, it generated a turnover of EUR 66m and budgeted EUR 81m for 2017. Centauro works closely with relevant international automakers and focuses on the quality and price of its services.
Portobello is a leading private equity fund manager in the Spanish Mid-Market. Its Capital Fund III, the largest in Spain in recent years, was closed in 2014 at EUR 375m, thus far invested in Vitalia Home (elderly care homes), IAN (canned vegetables and ready-to-eat meals under the Carretilla brand), EYSA (technology services and solutions aimed at improving mobility in cities), Iberconsa (frozen seafood products), Laulagun Bearings (large bearings for windmills), Ramón Sabater (processing and distribution of paprika, spices and herbs) and Trison (digital signage).
Tikehau IM (Paris: TKO), a leading pan European asset manager and subsidiary of Tikehau Capital, arranged a unitranche debt financing arrangement in support of Portobello’s acquisition of Centauro.
Following the acquisition, Portobello will support management, headed by Mr. Devesa, with its clear gorwth strategy by building a leading operator in the off-airport niche in Southern Europe through organic expansion and further consolidation in a fragmented space. It will pursue the entry into new geographies
The transaction was closed in April 2017.
Related
Consumer Goods & Retail

has acquired a majority stake in

Transaction details
Portobello Capital acquired a majority stake in Centauro Rent a Car, one of the leading off-airport rent-a-car operators in Spain and Portugal
Our latest transactions
Real Estate & Construction

has been acquired by

Transaction details
Blue Bay Building Products has been acquired by Wolseley Group, a leading specialist provider of plumbing, heating, cooling, and utility products to trade customers
Food & Beverage & Agribusiness

has sold

to

Transaction details
Fleury Michon has sold Room Saveurs, a trading company and laboratory specialized in the development of meal trays, to Kumo
Industrials

has transferred the equity interests of its subsidiary

to

Transaction details
Maezawa Kyuso Industries has transferred the equity interests of Maezawa Kyuso (Nanchang) to Guangzhou Hongxing Investment Co., Ltd.
Software & IT Services

have sold

to
a portfolio company of

Transaction details
Companyweb, the leading provider of subscription-based credit information and private company data intelligence in Belgium, has been sold to Altares, a provider of B2B data solutions, servicing medium and large companies across the entire data value chain