Over 1 billion Euro to develop European Defence technologies
Over 1 billion Euro to develop next generation European Defence technologies David García ArrateSettings 2024 Work Programme of the European Defence Fund The European Defence
Read article at Expansion
Our Due Diligence report for Suma Capital shows the current situation and the path that Berria Bike S.L. will now have to follow with Suma Capital to improve its positioning in sustainability.
Suma Capital enters the bicycle industry with Berria Bikes, a company from Castilla-La Mancha founded in 2012 by former Spanish-Swiss professional cyclists David and José Vitoria. Through the mid-sized venture fund SC Growth II, the Barcelona-based private equity firm has taken a 49% stake in Berria in a combined buyout and capital increase deal that has been closed for approximately €15 million.
Following the agreement with Suma, Berria will create a six-member board of directors, 50/50 between the Vitoria brothers and the management company, which frames this operation as part of its commitment to sustainable investments. According to Manuel Cebrián, partner of the firm, Suma Capital will provide the company with “human and material resources to maintain healthy growth both organically and through acquisitions and by implementing the best financial, organisational and environmental practices”.
Omega Financial Partners and Gómez-Acebo y Pombo have advised Berria on the transaction, while Suma Capital has been advised by KPMG, PwC Strategy, Euro-Funding and Bufete Castilla Abogados.
Over 1 billion Euro to develop next generation European Defence technologies David García ArrateSettings 2024 Work Programme of the European Defence Fund The European Defence
Women TechEU: Empowering Women in Deep Tech Carolina AragonesesSettings About the Women TechEU scheme The Women TechEU programme is a continuation of the Women TechEU
The new European Alternative Fuels Initiative is launched Matteo PresaccoSettings The EU has just introduced the second wave of Connecting Europe Facility (CEF) Transport –