Kartesia is pleased to announce the completion of a c. €14 million investment in STM (“STM” or the “Company”) to support Nexxus Iberia in the acquisition of the Company. 
 
STM is the leading provider of services and security solutions for the Spanish vacant property market, consistently recognized as the most innovative and technology-advanced supplier in Spain. The Company has seen strong growth since it was founded in 2004, with a superior value proposition centred around scale, customer service, technology and innovation capabilities. 
 
The entry of Nexxus Iberia as majority shareholder and Kartesia as long-term financing provider reinforce STM´s market-leading position and will facilitate the Company´s sustained growth over the coming years. STM’s founder Juan José Lallave will remain a key part of the management team.
 
The deal team at Kartesia included founding partner Jaime Prieto, director Javier Castillo and analyst Carlos Vázquez.
 
Jaime Prieto commented:

“We are very happy to be working with Nexxus Iberia on this opportunity and to support STM in maintaining its growth trajectory in this rapidly evolving industry that we know well at Kartesia. This investment from our senior debt fund is a clear demonstration of the flexibility and certainty of execution that we aim to provide our partners.”