News

C.W. Downer & Co. Advises Stock Uno on the Acquisition of CTC Externalización

BOSTON, May 6, 2013 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Stock Uno, a subsidiary of Spanish Private Equity group, Portobello Capital, has acquired CTC Externalización (CTC). The deal closed on March 22nd, 2013 and the transaction value was not disclosed.

Founded in 1994, Stock Uno is a Spanish logistics and merchandising services company. Stock Uno acquired CTC to strengthen and increase its presence in the commercial & industrial outsourcing services industry within the Spanish and Portuguese markets. This is the fifth bolt-on acquisition made by Stock Uno since 2006 and the company is actively involved in consolidating the Iberian industrial outsourcing services market. Stock Uno’s sales have quadrupled over the last six years and the company expects to maintain profitable growth after the new acquisition.

Founded in 1995, CTC has a significant presence in the Energy, Automotive, Food, Technology, Industrial and Business Services sectors in national and multinational first class companies, including Ibex-35 listed companies. The company has 2,500 employees spread throughout Catalonia, Madrid, Basque Country and Levante. It was acquired in 2010 by Suma Capital Private Equity via a MBO led by Juan Cruz Mayor, former Managing Director of Banco Sabadell. Mr. Juan Cruz Alcade, CEO, will continue to manage CTC. The integration of both companies will result in more than 130 million euros in sales per year, a combined workforce of 6,000 people, head offices in both Madrid and Barcelona, and satellite offices in all Spanish regions.

Juan Luis Ramirez, Portobello Partner, spoke of the acquisition a company statement, naming CTC “…a company with an impressive growth trend and excellent service, and [a] leader in the ‘industrial outsourcing’ subsector that keeps on growing even during this economic downturn.”

Enrique Tombas, Suma Capital Partner, also commented, “Stock Uno is the ideal candidate to accompany CTC into a new phase of growth. After consolidating the industrial outsourcing sector in Spain with the acquisition of three companies in the past two years, CTC had to face the challenge of extending its presence to processes of the supply chain near to the customers point of sale, where Stock Uno is the undisputed leader.”

“This acquisition is evidence that there are many sectors in Spain presenting a favorable momentum for consolidation,” said José-Manuel Arcenegui, Managing Director with C.W. Downer & Co., Madrid. “Given the current tough economic environment, the new key players emerging out of such plays will be well positioned to become the industry champions not only at the country level but across the South of Europe. Many industrials and financial investors from the EU and beyond are becoming aware of these opportunities and we expect a wave of this type of deal in the medium term,” he concluded.

The C.W. Downer & Co. team assisting Stock Uno with this acquisition included Mr. Arcenegui (Managing Director), Guido Siebiera (Managing Director), Pilar Liberal (Vice President), and Manuel Palomares (Analyst), all with the firm’s Madrid office.

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 38 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:

José Manuel Arcenegui, Managing Director
This email address is being protected from spambots. You need JavaScript enabled to view it.

Guido Siebiera, Managing Director
This email address is being protected from spambots. You need JavaScript enabled to view it.

Patti Allan, Marketing Director
This email address is being protected from spambots. You need JavaScript enabled to view it.
C.W. Downer & Co.
+1 617 482 6200

Back to Previous

© 2015 by C.W. Downer & Co.

Downer & Company (d/b/a C.W. Downer & Co.) is a fully registered broker/dealer
and a member of the Financial Industry Regulatory Authority (FINRA).