Talde takes majority stake in Grupo Dilus with first deal from new fund

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Talde is now the majority shareholder of Grupo Dilus, a Spanish engineering firm that designs, installs and maintains environmental monitoring systems. The deal is the first investment of Talde Capital Crecimiento III, a private equity fund targeting €200 million that reached a first close of more than €155 million in July. The stated aim is growth, both organic and through acquisitions.

Dilus has 40 years of history and 70 staff. Its systems track weather, renewable energy, air quality and emissions, water, the oceans and radioactivity, which covers a fair share of what can go wrong outdoors. A significant part of its work is abroad. Eduardo de Ugarte, of the founding family, stays on as CEO.

Talde manages more than €630 million, with Kutxabank as anchor investor. Arcano Partners and Chevez advised Dilus's shareholders; KPMG and Garrigues worked for Talde.