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Spain’s Highgrowth Partners exits motorcycle parts company Facomsa

18 Mar 2013

Spanish venture capital firm Highgrowth Partners has sold its stake in motorcycle parts company Facomsa to Indian industrial group Prudential Tradelink.

The firm sold 35 per cent of the company, which had recently recorded losses, according to a report in Expansion.com

Highgrowth invests in venture capital via its Highgrowth Innovació vehicle, aimed at SMEs located in Spain and the rest of the EU. The €15m fund looks to invest between €500,000 and €3m per deal.

In the report, CEO Isidor Terradas said the company had been hit by a downturn in the motorcycle space in Catalonia, with the closure of manufacturing facilities owned by Honda, Yamaha and Derbi.

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