Menlo Capital invests €5.2m in Cheto Corporation

Transaction

Cheto Corporation SA sold a majority stake to Menlo Capital

Sell-side

€5.2m

Role

Adviser to Cheto Corporation SA on its sale of a majority stake to Menlo Capital

Sector

Industrial & Chemicals

Region

Portugal

Clearwater has advised the shareholders of Cheto Corporation on the sale of a majority stake in the company.

Cheto Corporation is a manufacturer of industrial high-precision equipment, focused on deep-hole drilling technology for the tooling and moulding industry.

The brand has attained world-wide recognition for the technology known as Deep Hole Drilling. Led by a young and dynamic management team, the company has ambitious plans for international expansion.

Menlo Capital is an independent Portuguese private equity management company advising the Growth Capital Fund SC1. The Fund provides capital and access to an international business network to Portuguese SMEs which have a proven business model and require capital to implement an ambitious business growth plan.

Aligned to the management team’s international expansion plan, Menlo Capital invested €5.2m in the company.

I am delighted to start this new chapter of Cheto Corporation together with Menlo Capital. In Menlo, we found a partner that understands our business and was willing to invest in our project.Clearwater played a crucial role in finding the right partner. The team's expertise, commitment to the project and work ethic was impressive and critical to achieving success in this transaction. José Lemos and his team, with a special contribution from Afonso Lima, provided high quality advice and creative solutions throughout the whole process. Their understanding of the key factors of the deal and our business contributed to achieving a great result for us.
Carlos Teixeira, CEO at Cheto Corporation

We are really pleased to have helped Cheto Corporation get to this exciting growth stage. We knew the company from a previous process in 2013, and since then we understood that it was a project with high potential. With a truly entrepreneurial team and an advanced technological differentiation embedded in the development of their products, this partnership with Menlo Capital will certainly take the company to the next step in its international growth.
José Lemos, Partner at Clearwater