Nazca Capital has acquired a minority stake in Global Factor to accelerate its growth and expansion in the sustainability consulting industry.

Information on the Target

Established in 2004 and headquartered in Bilbao, Global Factor is a leading consultancy firm specializing in sustainability services. The company focuses on environmental issues, climate change, and energy management, alongside facilitating transactions in carbon and environmental markets. Global Factor has built a robust reputation over the years, characterized by a comprehensive range of solutions aimed at combating climate change and advancing energy sustainability.

As of 2023, Global Factor reported revenues of €14 million, with about half of its sales derived from international markets. The firm has achieved impressive annual growth rates of over 40% in recent years, underpinned by its unique positioning in a rapidly expanding sustainability sector. Currently, the original partners, who bring over 20 years of pioneering experience, will continue leading the firm into its next phase of growth.

Industry Overview in the Target’s Specific Country

The sustainability consulting industry in Spain has witnessed significant growth, driven by increased regulatory pressure and heightened awareness of environmental issues among businesses and governments. The Spanish government has pursued ambitious cli