BUSINESS
Founded in 1953, Estanda manufactures high resistance steel casting components, primarily for the railway, cement and automotive sectors.
Estanda exports 95% of its sales, being its braking parts installed in high speed trains worldwide.
DEAL STRUCTURE
Acquisition of a 80% equity stake in February 2015 along with a group of co-investors related to Diana Capital.
INVESTMENT THESIS
The global volume of the railway market industry is expected to grow continuously in the coming years.
In this sense, strong growth of the high speed trains industry is expected, with a remarkable increase in process over the current network in China (11.000 Km expected, twice the existing network in Europe) and certain European countries.
