Ahorro Corporación Desarrollo, through the investment vehicle Castilla y León Capital Desarrollo I, acquired 22,5% of metal producer Endaki Tecnocast S.L., headquartered in La Robla, León, Spain.Endaki Tecnocast has invested €35m in order to create a new facility dedicated to providing products to the eolic industry. The new facility, which will start operating in early 2010, will have a surface of over 20.000m2 and will generate 60 jobs in La Robla.
Endaki Tecnocast is expected to reach a productive capacity of 30.000 tonnes a year.
KPMG, Garrigues Abogados and Asesores Tributarios served as advisors for the transaction.
Castilla y León Capital Desarrollo I, F.C.R. is a €67m risk capital fund created in 2008 and focused on investing in companies based in Castilla y León, in order to grow and expand, develop their technological capacities and improve their competitiveness.
Investors in the fund include ADE Financiación, Caja España, Caja Duero, Caja de Burgos, Cajacírculo, Caja de Segovia y Caja de Ávila.
FinSMEs
22/10/2009