Kartesia supports PHI Industrial in the acquisition of Teknicalde

Kartesia, the European specialist provider of financing solutions for small and mid-sized companies, is pleased to announce a unitranche loan facility to support PHI Industrial in the acquisition of Teknicalde (“the Company”).

Founded in 1987 and based in Elgoibar (Basque Country, Spain), Teknicalde is a metal manufacturer focusing on laser cutting and shaping, operating 3 production plants in Northern Spain with state-of-the-art machinery that processes over 8,000 tons of metal annually. The Company provides an end-to-end solution by integrating the entire transformation process, including design, production, and quality control, which enables it to supply over 900 clients across 20 different end markets.

PHI Industrial is a Spanish private equity fund established in 2006 focused on acquiring and managing European industrial companies and has made 33 investments since its inception. Of these, 19 have resulted in exits, with the most recent being the sale of ITG to TJC in July 2024.

The capital was deployed from Kartesia’s Senior Opportunities (“KSO”) strategy. The deal team at Kartesia included Guillermo Ferre, Joaquin Visquert and Jana Homs.

Joaquin Visquert, Associate Director at Kartesia, comments: “We are delighted to partner once again with PHI Industrial on this acquisition as they solidify their position as a leading investor in the European industrial sector. Teknicalde is one of the largest providers of laser cutting and shaping services for an already impressive number of customers in Spain and France. With the added expertise of the PHI Industrial team, Teknicalde is poised for even greater success. We eagerly anticipate the continued growth of the business as it strengthens its market position and explores new opportunities”.