Transaction

Clearwater advises the shareholders of Global Factor Solutions on its minority sale to Nazca Capital

Transaction

The shareholders of Global Factor Solutions on its minority sale to Nazca Capital

Sell-side

Undisclosed

Role

Adviser to the shareholders of Global Factor Solutions on its minority sale to Nazca Capital

Sector

Business Services

Region

Spain

Clearwater has advised the shareholders of Global Factor Solutions, S.L. (Global Factor), a specialist in ESG consulting and ESG markets, on the sale of a minority stake to Nazca Capital (Nazca), a leading private equity group in Spain.

Founded in 2004 and based in Bilbao, Global Factor specialises in ESG consulting and ESG markets, offering its services to cover the full spectrum of sustainability demands from clients, this includes strategic and compliance consultancy to the implementation of environment offsetting policies. The group focuses on both the private and public sectors, with a recurring and highly diversified client base. It also has offices in Madrid, Mexico, and Ecuador.

Currently, the company offers its services in over 50 countries engaging in more than 3,000 consulting projects around the world, with a client base of over 2,900 and intermediating €1.3bn commercial transactions annually within the ESG markets division.

Based in Madrid, Spain, and founded in 2001, Nazca is one of the leading Spanish private equity fund managers, specialising in mid-market investments. With an average investment of €20-70m, the firm invests in market leaders with clear plans for growth and international expansion. Since its inception, it has completed more than 101 transactions and currently has 16 companies in its portfolio.

Wind farm

I am convinced that this deal would not have gone ahead without the support of Clearwater and its team of professionals, who have provided a high dose of knowledge, hard work, and understanding. Their work methodology has allowed us not only to lay the foundations for the agreement but also to improve our internal understanding of the company and its processes. More importantly, from a human point of view, their support has been essential to be able to contextualise and respond to the challenges of a process like this, which go far beyond a mere commercial agreement.

Kepa Solaun, Partner and CEO, Global Factor
Wind farm

Global Factor fits perfectly with our investment strategy, due to its pioneering nature, leadership position in a high-growth niche, top-notch management team, and excellent reputation in the sector, as well as our commitment to sustainability and recognition as leaders in the field of ESG.

Celia Pérez-Beato and Ramón Garnica, Partners, Nazca Capital

Global Factor is a leading company with a significant impact in the fields of environment and sustainability, supported by an exceptionally skilled management team whose long-term vision for growth and expansion has been and will continue to be fundamental pillars for its success. We are delighted to have advised them and established this close bond with the company, and confident that with Nazca's entry into their shareholder base, they will continue to achieve all the goals and challenges that lie ahead in the future.

Lucía Martinez de la Escalera, Associate Director, Clearwater

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