Cuatrecasas has advised the industrial group Mirai on the capital opening of its subsidiaries Innometal and Ohmnia Electronics to a combination of public and private partners. As part of this transaction, the Basque Government (through its Finkatuz fund), Fundación Vital, and the Lequerica family have jointly invested €70 million, acquiring 49% of the share capital of both companies.
The entry of these new shareholders strengthens Mirai’s commitment to consolidating and diversifying its presence in the electromechanical sector, while also ensuring the continued regional presence of its companies in the Basque Country. Innometal and Ohmnia Electronics employ over 900 people, generate a combined turnover of €180 million, operate eight factories in the region, and are strongly connected to the local industrial fabric, with 50% of their procurement sourced from regional suppliers.
The Finkatuz fund, managed by the Basque Finance Institute, contributed €35 million, while Fundación Vital and the Lequerica family, through their investment vehicle Irene Carmen Lequerica, each invested €17.5 million. Fundación Vital, a shareholder of Kutxabank, is supporting Innometal and Ohmnia Electronics in line with its commitment to Álava — a region where both companies will relocate their registered offices and where they already have a strong industrial presence and 200 employees.
Client benefit
The capital opening of Innometal and Ohmnia Electronics to public and private investors will enable Mirai to strengthen its business strategy, diversify its range of products and services, and explore new markets in the field of industrial equipment manufacturing.
“We acted as legal advisors, coordinating all documentation in a transaction that captures the essence of a public-private partnership — where private entrepreneurial initiative opens up the capital of two business verticals to a combination of public and private initiatives that support business growth while ensuring long-term commitment and project stability,” stated José Ramón Berecibar and Elvira Azaola, Cuatrecasas lawyers who led the transaction with the support of Ander Portillo.
cloud technology axon
This pioneering initiative is designed to support both organic and ino...
