We took part in the ESG Due Diligence
report for Suma Capital

We participated in the ESG Due Diligence report for Suma Capital.

Read article at Expansion

We have participated in the Due Diligence report for Suma Capital

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.

Do you want to be an environmentally conscious company?

LATEST BLOG NEWS

News

Coordinating EU collaborative projects

Coordinating EU collaborative projects: when execution marks the difference Lucía Duque Teva( Project Manager European Funds )Settings Coordinating a European collaborative project goes far beyond convening meetings or collecting deliverables….

Leer más
News

EU Added Value in LIFE Proposals

EU Added Value in LIFE Proposals Fernando Gómez( Technical Manager – European Funds )Fernando Gómez es Technical Manager – EU Projects en Euro-Funding desde 2020, con experiencia coordinando propuestas europeas…

Leer más