Alantra Private Debt has invested approximately €20 million in Ontime, a leading Spanish logistics company, to support its growth strategy through acquisitions and expansion.
Information on the Target
Ontime, established in 1991, is a leading logistics company in Spain that specializes in providing a comprehensive range of services tailored to both large corporations and SMEs. Its offerings include integral logistics solutions, courier services, palletized transportation, and digital documentation services. The company boasts a workforce of over 550 employees and generates annual revenues exceeding €60 million.
Having recently embarked on an international expansion plan, Ontime has opened two logistics centers in Portugal and aims to continue growing through targeted acquisitions, planning to secure three companies in the near future. To fund this growth, Alantra Private Debt has committed approximately €20 million through a seven-year bullet loan.
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Industry Overview in Spain
The logistics industry in Spain is a pivotal sector contributing significantly to the country’s overall economy. With its strategic geographical location, Spain serves as a critical logistics hub within Europe, facilitating
Similar Deals
Alantra
invested in
Ontime
in 2023
in a Venture Debt deal
Disclosed details
Transaction Size: $21M
Revenue: $64M
Enterprise Value: $60M
Multiples
EV/Revenue: 0.9x