SAASA Global has secured €14 million in financing from Frux Capital to develop a new cargo terminal at Madrid-Barajas Airport, enhancing its competitive presence in the European air cargo market.

Target Company Overview

SAASA Global, a subsidiary of Andino Global specializing in airport services, has successfully secured a financing agreement amounting to €14 million with Frux Capital. This funding is earmarked for the development of a new cargo terminal at Adolfo Suárez Madrid-Barajas Airport. The operation is supported by strategic advisory services from Beka, acting as Debt Advisor, and is poised to strengthen the company’s growth in the Spanish market while enhancing its position across Europe.

Andino Global, led by CEO Carlos Vargas and project head Álvaro Salazar, is rooted in Peru with an international presence in the logistics industry. The company has obtained a concession from Aena to construct and manage the terminal for the next 30 years, significantly amplifying its footprint in a critical hub for international logistics. This investment enhances the company's infrastructure and operational capacity, positioning SAASA Global as a leading player in Spain's air cargo sector.

Industry Overview

The air cargo industry in Spain is experiencing rapid growth, driven by increasing international trade and e-commerce demands. With its strategic geographic location, the country serves as a vital link between Europe, Latin America