CTAIMA — Buyout

Baluarte Capital, the search fund of Lorenzo de Zavala and Luis de los Santos, bought a stake in Grupo CTAIMA to support its expansion, and both of them joined the management team. Founder Iolanda Gatell kept a shareholding. The amount was not disclosed. This was a search-fund acquisition rather than a venture round, and CTAIMA's 2019 revenue was about €7.5M.

LeadBaluarte Capital RoundBuyout Announced8 Sep 2020Not counted in totals CityTarragona SectorB2B SaaS / Contractor management & compliance (RegTech)Source C

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