VIP IV, a private equity fund controlled by UK-based Vitruvian Partners, has acquired a stake in Spanish company Civitatis. Althgough the financial terms of the transaction have not been disclosed, according to market sources the fund will invest around €100 million.
Civitatis, based in Madrid, is a company dedicated to the development of a marketplace platform for activities, tours and excursions. Vitruvian Partners is an international investment firm that supports the most ambitious and talented entrepreneurs and high-growth companies to achieve their goals.
Vitruvian has invested in the company alongside Alberto Gutierrez Pascual, founder and CEO of Civitatis, who until now held full ownership.
The transaction is part of a collaboration and investment agreement between Vitruvian Partners and Civitatis, reached with the aim of accelerating the company’s international growth, especially in Latin America. especially in Latin America and the rest of Europe.
Vitruvian Partners was advised by Uría Menéndez with a Corporate/Commercial team formed by London office partner Blanca Arlabán Gabeiras, London office associate Arlanza Sánchez García and Madrid office senior associate María García Roldán.
DC Advisory acted as Vitrubian´s Financial advisor with Manuel Zulueta and Ignacio López Moreno.
