digatus advises Mutares on the acquisition of Permasteelisa España from the Permasteelisa Group as add-on investment for the Donges Group
Jul 23, 2021
digatus has carried out the IT due diligence for Mutares, a German private equity company, as part of its acquisition of Permasteelisa España from the Permasteelisa Group, a leading provider of facade cladding solutions on the Iberian Peninsula. It is Mutares‘ first transaction in Spain and already the sixth buyside transaction this year. The included consulting activities of digatus:
– Analysis of the initial situation and the individual IT workstreams
– Coordination of necessary carve-out activities together with the seller
– Baselining in preparation for provider selection
Permasteelisa España, headquartered in Madrid, operates in Spain and Portugal. In 2020, the company generated revenues of approximately EUR 22 million and employed around 80 people. Permasteelisa España’s main activities are the design, the production, and installation of glass structures for cladding building facades. With more than 50 years of experience and its important contribution to the skyline of Madrid and Barcelona, Permasteelisa España is a renowned player in its market. Permasteelisa España will strengthen the Donges Group with its comprehensive know-how as well as with its progressive and innovative solutions in the facade market, especially when it comes to complex building structures and advanced facades. For Donges, this acquisition benefits from high synergy effects contributing to increase the sales of all the companies of the group. Mutares is a German investment company with focus on acquiring medium-sized companies in situations of transition. The aim is to lead these companies to a steady profitable growth by intensive operational cooperation. Together with the management of respective portfolio companies, the emphasis is on uncovering potentials for improvement and on strengthening profitability, thus increasing the company’s success sustainably and in the long-term. Extensive operational industry and restructuring experience coupled with financial and operational support form the foundation for overcoming the challenges of a restructuring.