Stellum Growth I, a vehicle managed by Stellum Capital, and Amixalan have acquired a 49% stake in EPER Metallic Solutions, which specialises in the manufacture of metal structures for the industrial, wind and naval sectors.

EPER was created in 2007 by Oscar Sanagustín, who will continue as the majority executive shareholder of the company located in Cintruénigo (Navarra), from where it develops and manufactures its products. It is a company with an excellent position and reputation in the metal tooling manufacturing sector and which in recent years has focused its commercial efforts on attracting new customers, achieving strong growth and diversification. It should also be noted that 80% of its turnover in 2022 came from the international market.

EPER has a top-level management team led by Oscar Sanagustín. Borja Aroca and Yolanda Sáez will continue as CEO and CFO, respectively. The company’s growth plan for the coming years involves consolidating its position in the onshore market, focusing on further growth in the offshore market, and trying to diversify into sectors other than wind energy, such as capital goods, machine tools, railways and other renewable energies. And this investment in EPER will support the company’s organic and inorganic growth plan.

For Oscar Sanagustín ‘the entry of Stellum Capital and Amixalan gives us the opportunity to continue the growth path we started in 2017, strengthening our industrial project in Navarra and being able to face the investments required by the new offshore projects and our new clients’.

Pablo Baroja, Partner of Stellum Growth points out that ‘we have decided to bet on the positioning and know-how of EPER in a sector in vogue and aligned with ESG policies such as the wind energy sector, but above all for the people who make up EPER, who, with a great knowledge of the sector, have been able to develop solid and lasting relationships with their main clients and have a culture of growth and continuous improvement impregnated in their DNA’. Pedro Gortázar, Investment Director of Stellum Growth in charge of leading this operation, adds that ‘We also believe that being able to count on a partner like Amixalan will complement us perfectly to be able to provide all the synergies necessary to consolidate the leadership of EPER at an international level’.

Xabier Blanco, founder of the Amixalan group, stated that ‘EPER’s technical capabilities and track record position it as a world leading supplier in the wind power market, both onshore and offshore, and this lays the foundations for sustainable growth. Offshore wind is a booming market, and this, together with the ambition to diversify in products and sectors and the desire to offer the best quality and the best customer service that comes from the whole team, has convinced us to bet on EPER and together with Stellum, try to contribute to its growth’.

ARPA, Melius Consulting & Investment S.L. and Anade have been the firms in charge of advising the company in the operation. Rocío Cruces Torres, Crea Inversión and BSK Legal & Fiscal have participated on the buying side. Finally, Deloite has been the firm in charge of carrying out the Due Diligence.