GED Capital, a private equity group operating in the lower/mid-market segment in Spain, has successfully closed the fifth investment of its private equity fund GED VI España, after acquiring a majority stake in Cinelux from Nazca Capital.
This divestment marks the first sale of the Nazca V Fund (raised in the first half of 2019) and comes after a successful project of organic, inorganic growth and development of new business lines, which has resulted in 60% revenue growth in 2018-22.
Founded in 1988, and with headquarters in Madrid, 2 subsidiaries in Barcelona and 1 subsidiary in Galicia, the Cinelux Group is the national leader in lighting services in the audiovisual sector. Since the entry of Nazca in July 2019, the Cinelux Group has consolidated its leading position in lighting services for the audiovisual sector, significantly increasing its presence in the fiction segment. The company has the largest lighting park in Spain, with a constant commitment to investment in technology and innovation, and state-of-the-art equipment.
Cinelux’s core business is lighting in TV entertainment programmes, where it participates in most of the national prime time productions of Mediaset, A3Media, Movistar+ or TVE (e.g. Tu Cara Me Suena, Got Talent, Supervivientes, La Voz, Operación Triunfo, La Resistencia or Gran Hermano).
Pérez-Llorca was the Legal advisor to Nazca with a team led by Corporate partner Carmen Reyna, along with lawyers Gonzalo Sánchez-Quiñones and José Luis de la Fuente.
King & Wood Mallesons was Legal and financial advisor to GED Capital. KWM’s team was led by partner Pablo Díaz and associate Enrique Murillo.
GED Capital was also advised by KPMG (Financial/Tax/Labour/Legal/Environmental) with a team made up of Tax partners Álvaro de Silva and José Antonio Tortosa, Legal partner Rafael Aguilar, Labour partner Francisco Fernández and senior manager Ana Garriz.