Clearwater International has advised Catari, leading Portugese designer and manufacturer of scaffolding, on the sale of a minority stake in the group to Inter-Risco, a Portuguese private equity firm, through its fund Inter-Risco II CI – Fundo de Capital de Risco.
Established in the late 1970s, Catari is unquestionably one of the national players in the sector, providing services to building construction, renovation, industrial maintenance and events industries. The accumulation of unparalleled experience in processing metal products, combined with the dynamic and proactive nature of the group, has made it an example of technical and technological excellence, contributing to its ability to respond efficiently to the changes in this extremely competitive market.
Inter-Risco was one of the first private equity firms to be incorporated in Portugal. Over the last 20 years, Inter-Risco has developed a strong brand and extensive network of regional SME contacts, investing more than €200m in over 100 SMEs in Iberia.
This sale is part of Catari’s strategic repositioning, allowing it to accelerate its ongoing expansion plan.
The Clearwater International team was led by Partner Rui Miranda with support from Associate Duarte Vaz.
João Lima, CFO, Catari said: “This transaction is part of a strategic repositioning of Catari, allowing for the speeding-up of the ongoing expansion plan, grounded on the development of new services internally enabling us to work with a wider spectrum of markets. Working closely with Clearwater International was key to navigate an extremely competitive process and achieve the best deal for Catari.”
Rui Miranda, Partner, Clearwater International said: “With the backing of Inter-Risco, Catari will certainly be better prepared to pursue its strategic plan and come closer to establishing itself side by side with the sector leaders worldwide, evolving from a product-based to a service-based company.”