Target Information

Grup PMP, established in 2000 by Montse Pujol, is a leading company in sustainable industrialized residential construction, headquartered in Lleida, Spain. The company specializes in the design, engineering, manufacturing, and assembly of customized homes utilizing its proprietary 2D modular system. With over 500 homes delivered, Grup PMP has established itself as a key player in the sector. Montse Pujol will continue to lead the organization as it embarks on this new phase with the backing of Miura Partners.

In recent years, Grup PMP has undergone significant innovation, bolstered by support from the Institut Català de Finances (ICF), which became a shareholder in 2023. This innovation culminated in the development of the Khanvian® automated system, enabling the company to manufacture 80% of housing costs at its facility, significantly reducing execution time by up to 50% compared to traditional methods.

Industry Overview in Spain

The residential construction industry in Spain is currently experiencing a renaissance, driven by a growing demand for sustainable and affordable housing solutions. Economic pressures, coupled with a heightened awareness of environmental issues, are creating an urgent need for innovative construction approaches. The movement towards sustainability has prompted increased investment in modular construction techniques that promise efficiency and lower costs.

Additionally, as Spain moves towards recovery after economic challenges, there is significant potential for growth within the industrialized housing sector. This market is increasingly attractive to investors seeking impactful, long-term opportunities. The Spanish government has also expressed support for sustainable housing initiatives, viewing them as vital to addressing the nationwide housing crisis.

Furthermore, the trend of urbanization presents unique challenges and opportunities within the market. With an increasing urban population, there is a clear need for efficient housing solutions that maintain quality and environmental standards. Companies like Grup PMP are at the forefront of addressing these demands through their innovative construction practices.

In the broader context, the push for circular economy principles within the construction sector is reshaping how housing is built and managed. This is aligned with global sustainability goals, thereby attracting significant interest with the potential for collaboration between private investors and the public sector.

Rationale Behind the Deal

The partnership between Miura Partners and Grup PMP aims to accelerate the latter's national growth and strengthen its position as a leader in sustainable industrialized housing. This investment is structured as a capital increase through Miura's Impact Fund, underscoring the commitment to sectors that deliver tangible environmental benefits, particularly in the construction industry.

By injecting capital into Grup PMP, Miura Partners is facilitating further innovation and expansion, aligning with its mission to support companies that address significant social and environmental issues, such as the critical housing access challenge faced in Spain.

Information about the Investor

Miura Partners is a purpose-driven private equity firm focused on developing sustainable businesses. With offices in Barcelona and Madrid, Miura invests in small to medium-sized family-owned and entrepreneurial companies across Southern Europe. The firm provides support in growth initiatives while emphasizing sustainability and innovation through its buy-out strategies and long-term capital investments.

Since its inception in 2008, Miura Partners has invested in over 90 companies, accumulating a total transaction value exceeding 4 billion euros, and currently manages assets worth more than 1.5 billion euros. This track record highlights Miura's commitment to fostering enduring businesses that make a positive impact.

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The collaboration between Miura Partners and Grup PMP holds promise as a strategically sound investment. As sustainability becomes a driving force behind consumer demand, the market for industrialized housing is poised for growth, suggesting that Grup PMP may benefit significantly from this partnership.

Grup PMP's innovative methodologies and commitment to sustainable practices align well with current market dynamics, indicating that the company is well-positioned to capitalize on emerging opportunities in the construction sector. The backing from a reputable investor like Miura Partners can enhance its visibility and credibility in a competitive landscape.

Moreover, the urgency for sustainable housing solutions amplifies the likelihood of success for Grup PMP. This investment is expected to not only boost the company’s growth trajectory but also contribute positively to social and environmental challenges in Spain.

Overall, the partnership could mark a transformative period for both Miura Partners and Grup PMP, as they work together to lead the charge towards a more sustainable future in the construction industry.

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