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Realza Capital sells GTT in secondary buyout

Realza Capital, a private equity group focused on the middle market segment, has sold its investment in GTT in a secondary buyout to a group formed by GED, Oquendo and the company’s management team.

Realza Capital had acquired GTT in November 2012 through its fund Realza Capital I. It made a cash on cash return of 3.2x and an IRR of 35.3 per cent on this investment.
 
Founded in February 1998, Gestión Tributaria Territorial provides expert advisory, consulting, collaboration in management, training services and development of IT systems in the area of tax management for local public entities. It is an independent company whose mission is to assist local authorities in modernising their systems and becoming more efficient.
 
The company employs over 600 professionals with extensive experience in tax collection and property register management. GTT reported revenue of EUR33 million in 2016.

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