Kartesia, a European specialist provider of capital solutions for small and mid-sized companies, has sold Spanish concrete precast group Pretersa Prenavisa (Pretersa) to Precon, a subsidiary of Cementos Molins.
Pretersa specialises in the design and engineering, production, transport and installation of precast concrete buildings for a range of different industries including logistics, retail, manufacturing, and the growing housing market backed by the growth of industrialised construction and BIM. The Company operates from three factories in Teruel, Jaén and Sevogia (Spain) and services the Spanish and French markets.
Kartesia first invested in Pretersa in 2015 and has supported the growth of the Company with additional financing over the years for the acquisition of 2 plants in Jaén and Segovia, developing Pretersa in a multi-plant player with further business diversification into new market segments. The investments were structured from the Kartesia Credit Opportunities III (KCO III) fund, with the entirety of its stake being purchased by Precon through this transaction. The sale of Pretersa to a strategic buyer reflects the successful story built under Kartesia’s stewardship and signals the opportunity for continued growth under new owners.
