BUSINESS

Well-diversified and global industrial group focused on the power engines manufacturing and energy industries.

Its diverse activities include: (1) manufacturing and operation of engines for power generation in isolated areas and for environmental applications, (2) operation of own power generation plants in Spain and Brazil and (3) wind, solar and biomass power industries.

DEAL STRUCTURE

Acquisition of a 13% equity stake in 2006 for € 21 million (€ 11 million Diana Capital and € 10 million from a co-investor: Axis- ICO).

Partnering with founder and management team of the Group.

INVESTMENT THESIS

Substantial demand for power engines in isolated rural areas in the world.
Expand energy business to capitalize on market opportunity.
High international growth potential.

Sector Energetic
Type Buyout
Date of Investment June 2006
Situation Divestment
Fund Diana Capital I, F.C.R.

DIANA VALUE-ADD AND DIVESTMENT

Helped to identify new clients for power generation plants.

Improved internal controls and reporting tools, as well as corporate governance mechanisms.

14.2% IRR and 1.9x multiple of capital invested achieved in May 2011.

“Deal with the Highest Economic and Social Impact of the Year 2011” award from ASCRI (Spanish Private Equity and Venture Capital Association), Deloitte and IESE.

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