Entry Point:

• An independent printing house based in Madrid, specializing in high-quality short and medium print runs, rendered with state-of-the-art, cutting-edge equipment.
• Buy-and-build. Opportunity to form the largest Spanish independent printing group.
• €8.4 million of initial investment in April 2000 (32% ownership plus debt assumption). Gaining control in July 2012 (€1.1 million MBO investment – 98% ownership).

Value creation:

• Growth in sales from €17.3 million to €28 million in 2000-2004, reaching a net profit of €1.5 million by 2004.
• Streamlining the management team: new CEO, new production manager and two new sales representatives, downsizing staff.
• Increase in production capacity through outsourcing.