Deale, Europe’s first independent digital M&A platform, has successfully facilitated the acquisition of the Asturian company Cristal Norte by Grupo Tekpolio, a family office based in the Basque Country. The transaction is part of Tekpolio’s national and international expansion strategy, the family group founded by entrepreneurs Manuel and Guillermo Delclaux Lezama-Leguizamón.
The mandate was managed by Centium, a firm specializing in corporate transactions, which acted as advisor within the Deale platform.
The success of the transaction was made possible with the support of the Oviedo Chamber of Commerce, which facilitated the connection between Deale and Centium.
A further step in Tekpolio’s growth strategy
Founded in 2017, Grupo Tekpolio is a family office with a long-term investment approach in key sectors such as industry, energy, infrastructure, and technology. With a flexible and adaptive management style, Tekpolio seeks to identify investment opportunities both in early-stage and high-growth companies, with particular interest in areas related to ecological transition and sustainability.
Meanwhile, Cristal Norte, specialized in aesthetic solutions for applications such as railings, sliding doors, and terrace enclosures, has established itself as a leader in northern Spain in the use of advanced technologies for the sector. Financially, the company has shown positive growth, with revenue of €10 million in 2023 and an EBITDA of €2 million.
The acquisition by Tekpolio will strengthen its position in the industrial sector and continues its roadmap with companies that have significant consolidation potential in key markets. In turn, the group will continue to drive its expansion strategy, focusing on supporting the growth and innovation of its portfolio companies.
Gerard García, founder and CEO of Deale, stated:
"This milestone is not only an important step in Tekpolio’s expansion, but also a reflection of the transformative potential that Deale can bring to our country’s business ecosystem. We are pleased to accompany Tekpolio in the success of this transaction, as it reinforces our mission of connecting investors with companies ready to take the next step in their growth and consolidation strategy."
Boosting the glass sector in Spain
The glass and glazing sector has undergone significant transformation, with technological advances enabling more efficient and sustainable products. The sector has experienced strong growth driven by demand for solutions in energy-efficient building construction, presenting both opportunities and challenges. Key challenges include high energy costs and the need to comply with increasingly strict environmental regulations.
About Deale
Deale is Europe’s first independent digital M&A platform, dedicated to simplifying business buying and selling. In its fourth year, the platform has facilitated nearly one hundred transactions and has over 20,000 registered users, including 8,500 SMEs, 9,000 investors, and more than 2,000 advisors. The tool also reduces transaction response times, completing deals in an average of 110 days. Deale has received the award for Most Innovative Start-up at the XV edition of the Cinco Días Business Innovation Awards 2023 and was a finalist in the IV Expansión Start Up Awards and CaixaBank’s Reto Banca XXI / Premios Emprende XXI, standing out among over 100 projects in the innovation category in the financial sector.
About Tekpolio
Tekpolio is a family office founded in mid-2017 by young entrepreneurs (Manuel and Guillermo Delclaux Lezama-Leguizamón) with backgrounds in investment banking and investment funds, including private equity, renewable energy, and infrastructure. As an independent family office, it focuses on idiosyncratic investments across various sectors: technology, industry, energy, infrastructure, among others. Tekpolio has a long-term investment approach and great flexibility in structuring investments, capable of investing in both seed-stage companies and high-growth or mature-stage companies, with a special focus on trends related to technology, ecological transition, sustainability, and social impact.
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