Spain’s Tressis to undergo MBO

Executives of Tressis will lead a management buyout to acquire a majority stake in the Spanish asset manager.

The management will buy about 55% stake in the firm for an undisclosed sum, Tressis announced.

After the transaction, Haitong Capital, the private equity arm of Haitong Bank, will become a shareholder with a minority stake in Tressis, which has more than €3.5bn in assets under management.

The completion of the deal is subject to the approval of authorities in Spain and Portugal.

“The next few years will be marked by growth and expansion, without losing the essence that has enabled the company to reap more than 15 years of success,” said José Miguel Maté, one of the founding executives of the company.

Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

Read more from Alicia Villegas

Close Window
View the Magazine

You need to fill all required fields!