July 2006: The purchase has exceeded € 200 million, having been made through an off-market transaction.
Euroloc is the second largest machinery rental company in Spain, with expected revenues and EBITDA for 2006 of € 75 and € 35 million, respectively.
This transaction culminates a two-year period in which SOCIOS has collaborated with Advent in its analysis of acquisition opportunities in the Spanish machinery rental market.
Likewise, this transaction is one of the largest carried out by a venture capital fund in an off-market process, within the Spanish market.
SOCIOS identifys the opportunity and advises the sellers on the negotiation and execution of the transaction.