King & Wood Mallesons (KWM) has advised Spanish private equity firm GED Capital on the sale of its 2001 investment in Asturiana de Aleaciones S.A. (Aleastur) to an international financial investor. GED Capital has made a 2.3 times return from this deal.

Aleastur, a Spanish-based manufacturer of aluminium grain refiners and master alloys, is one of the three largest companies worldwide in its sector by turnover. Currently, 88% of its production is aimed towards the international market.

Founded in 1996, GED Capital is one of the more experienced Spanish Private Equity management company. Since its inception GED Capital has attracted funds worth more than 800 million euros. Currently it manages eight funds (private equity, infrastructure and real estate) in the Iberian Peninsula and in Eastern Europe and has a portfolio of 36 holdings.

Pablo Díaz, Corporate partner at King & Wood Mallesons, said: "This transaction is another sign of the recovery and consolidation of the interest of international investors in the Spanish market. As a long-standing client of the firm’s, we are delighted to have assisted GED with the development of its investment portfolio.”

The KWM team was led by Corporate partner Pablo Díaz, with the assistance of Corporate associate Gonzalo Fernández.

In the last few years, KWM has advised GED Capital on several deals, including the structuring and establishment of its fund GED V España, its divestment in Sendal (sold to Carefusion) and Rioglass Laminar (sold to Ventizz Capital and Partners Group).

Fuente: King & Wood Mallesons

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