Zunibal, specialized pioneer developer of technology for the tuna fishing industry, has given entrance into its capital structure to Nazca Capital as a majority shareholder, a Spanish private equity firm focused on investing in the Spanish mid-market, through its Fund Nazca IV. Zunibal with the support of Nazca will continue its ambitious international growth plan leveraging on a solid product portfolio and the development of new solutions.

Based in Derio (Vizcaya) and founded in 1995, Zunibal is a company with a business model based on innovation with a solid R&D team and strategic partners, focused on the manufacturing of satellite buoys for fishing fleets. Zunibal has a relevant international position, with 85% exports. Zunibal estimates to close 2021 with a turnover above 26 million euros.

The project will continue to be led by Ibone Rodríguez de Pablo, who has a deep knowledge of the sector and will remain as a relevant shareholder and General Manager of Zunibal.

Nazca will provide Zunibal it´s 20 years of international experience developing growth projects with differential technology.

Ibone Rodriguez de Pablo, General Manager and shareholder of Zunibal: “The trust that Nazca has placed in our project will reinforce the motivation of Zunibal’s talented team. Zunibal comes out strengthened to face the challenges of its international growth plan and to continue improving day by day offering the best technological solutions to our clients in the fishing and marine sector”.

Álvaro Mariátegui, Nazca´s founding partner: “We are very excited about our involvement in Zunibal’s project, due to its growth potential, culture of innovation, unique and differentiated positioning and top management team. Our willingness is to support the company in their growth plan, backing their commitment to high quality products and innovation and oceans sustainability”.

Debitas, Herbert Smith, KPMG, and Ramboll have advised Nazca in this deal, while Hub Advisory Partners, Zugazabeitia Abogados y Estudio Jurídico to the sellers.

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