Madrid-headquartered private equity firm Nexxus Iberia has made its seventh investment with the acquisition of Barcelona-based security company Soluciones Técnicas del Metal (STM).
The debt fund Kartesia has provided financing for the acquisition.
PwC, Piedmont, Hermosilla, Attalea Partners and GBS advised Nexxus. STM was advised by KPMG.
Nexxus partner Pablo Gallo (pictured) said: "We are delighted to partner with STM and its entire management team to support them in their growth plan and help them create a leading provider in the security services industry, both in Spain and internationally. We are convinced that STM's leadership and positioning are ideal to achieve this goal".
Nexxus Iberia Private Equity Fund I seeks to invest in businesses with EBITDA of between €3 million and €15 million. It completed its first closing with €170 million of capital.