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Grupo CTAIMA

The Deal

Bought By
Lorenzo Zavala and Luis de los Santos
Year
2020
Vehicle
Baluarte Capital, backed by Istria Capital, WSC & Company, ALZA Capital Partners, JB46 Partners, Kinderhook Partners, Relay Investments, Saltoun Capital Partners and Promax Capital Investments
Kind
Software

A Spanish software business for contractor management and industrial safety compliance, sold with audits, consulting and document management around the product.

What Happened Next

A recapitalization in 2024: the company joined forces with a contractor-management software peer and a software investor took a strategic stake in the combined group, by that investor's August 2024 release, which names both searchers as co-chief executives. A trade site reports its investors calling it the most successful search fund investment in Europe to date.

They recapitalized 4 years in, in 2024, without handing over the company.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

Istria Capital

WSC & Company

ALZA Capital Partners

JB46 Partners

Promax Capital Investments

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.