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Carlyle Group Spain

The Carlyle group acquires Telvent Global Services


The American alternative assets management company Carlyle Group recently acquired the Spanish company Telvent Global services (TGS) from Telvent GIT. Carlyle possesses 193 billion dollars in assets managed over 130 funds and has more than 1,650 employees in 40 offices worldwide. With this purchase, it is strengthening its presences in the European technology sector.

Headquartered in Madrid with over 400 employees, TGS obtained a turnover of 57 million euros in 2014. The company specializes in providing IT infrastructure management services. These include a hosting service by means of its five data centers in Spain and Portugal. The Spanish company offers advanced solutions for the hybrid cloud and other value-added services for industrial cybersecurity management and IT management.


The fund which provided the capital for the transaction, the amount of which has not been revealed by the buyer, is Carlyle Europe Technology Partners III, specialized in emerging European companies in the telecommunications, media and technology sectors. Crescent Capital Group LP financed the debt for the sale.


The director of Carlyle Group, Fernando Chueca, justified the purchase by saying: “Telvent Global Services is a provider which is growing and which has two decades of experience as a manager of technological infrastructures and other IT-related services in Iberia. It has a high-quality business with an experienced team at the fore, whose contribution has been key to the company’s growth and diversification. Carlyle’s experience in this sector will contribute to the creation of value for the company, especially in this period of rapid changes the IT sector is undergoing in Europe.”


Previously, Carlyle agreed the purchase of the majority stake held by ProA Capital, Partners Group and Talde in Palacios Alimentacióm, a Spanish manufacturer of prepared foods specializing in cured meats, frozen cakes, pizzas, tortillas and other dishes.

Novara Capital Group is an international tax & capital investment consulting firm. We specialise in Corporate Structuring, European Union Tax Incentives, IP Positioning, and Transactions / M&A. We provide intelligent corporate structures, advice, and an integrated service which cross delivers in businesses. We advise companies globally to accelerate international growth, optimise net profits, and enhance equity value leveraging Intellectual Property and Licences. Our in-house experts specialise in International Tax Law, Company Law & Cross Border Jurisdiction, Investment & Asset Management, Mergers & Acquisitions, and Operational Management.


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