January 2008: Magnum Industrial Partners, the largest Spanish private equity fund with approximately €900 million under management, completes the acquisition of a majority of the shares of Pretersa-Prenavisa Estructuras de Hormigón, S.L., one of the leading manufacturers of pre-caste concrete solutions for industrial and commercial warehouses.

Founded in 1989, Pretersa-Prenavisa achieved revenues of €100 million in 2007 and an EBITDA in excess of €30 million.

The transaction represents the first major buyout in Spain since the start of the sub-prime crisis in July 2007. The transaction value is in excess of €200 million.

SOCIOS advises the owners of Pretersa-Prenavisa on the process of identifying and incorporating the new majority shareholder which was achieved by way of a competitive sales process.