ONEtoONE advises the French investment company SALVEPAR in its first investments in Spain

Catalunya Banc continues shedding all stakes in non-listed industrial companies it owns before Frob (the Fund for Orderly Banking Restructuring) abandons the holding.

Catalunya Banc has come to an agreement with French fund Salvepar, advised by ONEtoONE Corporate Finance, which last year raised €130 million for new investment and minority stakes in mid-market firms, planning its first transactions in Spain. The fund belonged to Société Générale but was sold to another French fund Tikehau in 2012.

Catalunya Banc has sold to Salvepar a 11.67% stake in Catalonian Boniquet Sparchim, manufacturer of parapharmacy and dental hygene products for pharmaceutical laboratories which are high volume and distribution customers. Secondly, the bank transferred a 21.6% holding in Navec, also Catalonia-based, that is an industrial plant assembly and maintenance company. Finally, it shed 22.3% in venture capital firm Baring II, once encompassing 15 companies in its portfolio, for example Adelte-EFS, Grupotec, Avanza, Casesa, Unitronics, Grupo Losan or Mirada.

SALVEPAR is an investment company listed on the NYSE Euronext Paris (stock exchange symbol SY). SALVEPAR aims at supporting SMEs in order to strengthen the stability of their shareholder base and to accelerate growth. SALVEPAR’s purpose is to take minority shareholdings in listed or unlisted companies, with priority given to companies in a growth phase with international development projects. End of 2012, Parisian investment management firm Tikehau agreed to buy Salvepar from Société Générale, in line with the French banking giant’s efforts to divest non-core assets as part of wider restructuring plans.

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