Nexxus Iberia announces that Nexxus Iberia Private Equity Fund I, FCR (the "Fund") completed its sixth investment in STM on 28th July 2020.
Founded in 2004 in Barberà del Vallés (Barcelona), STM is a leading manufacturer and provider of security and access control solutions for large institutional real estate owners. The Company offers high-security, anti-squatting electronic and traditional doors, e-locks, alarms andother security and access control products, providing all necessary services such as the installation, removal, inspections or maintenance. Its technology and software allow for real time remote control and monitoring of properties, an essential functionality to its clients, who are mainly leading real estate servicers, financial institutions and security companies.
STM has positioned itself as a highly innovative and reliable service provider in Spain, and today counts on a national service network that protects over 15.000 assets. The Company is beginning its internationalization in Mexico and plans to enter other European countries in the near future.
Pablo Gallo, partner of Nexxus Iberia,commented: "We are happy topartner with STM and its management team to support their growth plan and to help them create a leading player in the security services industry, in Spain and internationally. We are convinced of the company’s leadership and positioning to reach this goal“.
Juan José Lallave, founder of STM, commented: "We see our partnership with Nexxus as a key milestone to continue building a top provider in the security space and evolve to a multinational security company. STM has built the grounds and counts on the right people to become a clear reference in the industry".
Josep Grasas, CEO at STM, commented: “The entry of Nexxus will help in the professionalization and internationalization process we have been seeking for STM during the last year.The team is highly motivated about this new projecta nd will rely on the experience of Nexxus for the future of STM".
Nexxus was advised in the transaction by PwC (due diligence), Piedmont (Commercial due diligence) Hermosilla (legal), Attalea Partners (ESG) and GBS (financing). KPMG acted as advisor of STM.Kartesia has provided a financing package for the acquisition and to support future growth.
About Nexxus Iberia
Nexxus Iberia is a private equity fund manager founded in 2016 to support Spanish and Portuguese small to midsized companies to accelerate growth and expand internationally in Europe and LatAm via Mexico. The team is led by two ex-3i partners and Nexxus Capital’s partners who have over 20 years’ experience in the private equity industry in Spain and Mexico. Including STM, the team has completed 27investments and has fully divested from 20 portfolio companies in the Spanish and Portuguese midmarket.
Today, Nexxus Iberia Private Equity Fund I, FCR has commitments of 170 million euros. The Fund will make between 8 and 10 majority or minority investments in Spanish and Portuguese SMEs, which are generally family businesses and / or run by entrepreneurs. This last operation joins the fiveprevious transactions completed in the last two years, OFG, W Clinics, TwentyFour Seven, Bienzobasand Maresa.
The vision of Nexxus Iberia is to be the reference partner for SMEs businessmenin the Iberian market who are looking for a shareholder that can support them in the internationally growth of their companies and more specifically in LatAm.