Alantra Private Equity’s fourth fund (“Alantra PEF IV” or “the Fund”) has completed its third investment with the acquisition of a controlling stake in SPW Fabrics, Spain’s leading manufacturer of technical fabrics for sportswear, swimwear, workwear, and healthcare applications. The founders will retain a significant stake in the company as they partner with Alantra Private Equity and will remain involved in the business.
SPW Fabrics has established itself as a leader in the technical fabrics niche through its advanced industrial capabilities and intensive R&D, having developed a portfolio of over 200 high-performance fabrics, with a focus on cycling and active sports (e.g., rugby, football, padel). With a strong international presence, the majority of its revenues comes from exports, primarily to France, Italy, and the Benelux region, serving prestigious global clients such as Le Coq Sportif, Puma, Adidas, Rapha, Gobik, and Banana Moon. The company has shown rapid growth and high profitability, recently surpassing €20mn in revenues.
Fernando Ortega, Managing Director at Alantra Private Equity, said: “SPW Fabrics is a leader in a high-value niche. We are excited to fuel the company’s global expansion together with the founders and the management team, tapping into booming trends like the rising interest in health and wellness, the casualization and technification of apparel, and the emergence of new sport niches. These factors, along with global scale and market consolidation potential, position SPW Fabrics for significant future growth.”
Carlos Parés, Founder and Chairman of SPW Fabrics, added: “Over the past 20 years, SPW Fabrics has become a leading player in the European technical fabrics market. We are excited to partner with Alantra Private Equity to take the company to the next level and accelerate our growth.”
Alantra Private Equity has been advised by Bain & Company (Commercial Due Diligence), EY (Financial, Tax, Labour and ESG Due Diligence), and Fieldfisher (Legal Due Diligence and Transaction documents). Alantra PEF IV continues its active capital deployment pace, with this already marking the Fund’s third investment. This follows the acquisition of a majority stake in 13 dental laboratories, forming Spain’s second-largest dental laboratories platform, and the acquisition of a stake in Hiperbaric, a specialist in food high-pressure processing and green hydrogen compression.
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