Corporate Finance: Albia Capital on the press

PeriodicosThe Basque Country edition of the economic newspaper Expansión Expansión (24-10-2014) and the web-based journal elEconomista published on 24 and 14 October, reported the participation of Albia Capital Partners in the replacement of the main sharedholder of TTT Ejes.

Expansión. Friday, 24 October. Basque Country

Bascotecnia becomes controlling shareholder of TTT Ejes

REPLACEMENT OF THE MAIN SHAREHOLDER/ The Gipuzkoa based company reinforces its strategic position in the component manufacturer after purchasing the shares of Grupo TTT.

Bascotecnia, an industrial group of small and medium size companies specialized in manufacturing equipment for various industrial sectors, has acquired a 34,62% controlling stake in the Gipuzkoa based company TTT Ejes.

After this deal, that had Albia Capital as its financial advisor, Bascotecnia – which has been part of the TTT Ejes shareholding since 2003 – reinforces its strategic position in the automotive component manufacturer elevating its shareholding to 39.83%. The rest of the titles are held by the Private Equity Fund Ezten (49.96%) and other shareholders.

Beyond its objectives

The TTT Group, which launched TTT Ejes in 1996, is one of the leading European groups in the heat treatment and coating activity, with a broad presence in the automotive and aeronautical industries. According to sources close to the deal, the company has now chosen to transfer its stake in the capital of TTT Ejes considering that its activity does not fit into the scope of production and that the manufacturing of damper shafts would be beyond its objectives.

TTT Ejes based in Legazpi and Zumarraga (Gipuzkoa) occupies a worldwide leading position in producing shock absorber piston rods for the automotive sector. The company has a staff of about 75 workers and their year-end forecasts for turnover is situated around 13 million euro.

The new controlling shareholder of TTT Ejes has extensive international experience through a specialized industrial structure in the steel, solid waste treatment, agriculture, modular construction, energy, fluid (oil and gas) as well as other industrial sectors.

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elEconomista. Tuesday, 14 October

Replacement of the main shareholder of TTT Ejes

Albia Capital Partners has intervened as the financial advisor in the sale of the controlling stake that Grupo TTT held in the Guipuzcoa based company TTT Ejes, a deal completed in the month of September 2014. The acquirer was the Bascotecnia company group which has been part of the TTT Ejes shareholding since 2003, and consequently this deal reinforces its strategic position in the Company.

Grupo TTT  is one of the leading European groups in the heat treatment and coating activity, with a broad presence in the automotive and aeronautical industries. With this deal Grupo TTT bolsters its strategy of consolidating its traditional activity in this area.

TTT Ejes  is a company based in Legazpi (Gipuzkoa) founded in 1996 which occupies a worldwide leading position in producing shock absorber piston rods for the automotive sector.

Albia Capital Partners is a Corporate Finance firm specialized in analyzing and solving different issues in relation with company ownership, such as corporate transaction advising, fund rising, or company restructuring. Albia is member of Pandion Partners, an international network of M&A advisory companies.

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