June 24, 2019
Talde Promoción y Desarrollo, SCR celebrates for another year its General Meeting of Shareholders with the attendance of the 97,68% of the shareholders, having given them a dividend of more than 64 million euros in the last ten years and an annual IRR over 10,5% since its creation.
Founded in 1976, the company, that celebrates this year its 43 anniversary, has reviewed its history, recalling that it was constituted with an initial capital of 100 million pesetas by the initiative of several Gipuzkoan and Bizkaian businessmen and financial entities when there was no regulation on venture capital companies.
In 2000, the company created a management company, Talde Gestión SGEIC, SA, to which it transferred its staff who continued with its management, keeping its decision-making bodies, such as the Board of Directors and the General Meeting of Shareholders.
At present, Talde Gestión has a Private Capital Unit (Private Equity) that manages the fund Talde Capital Crecimiento, F.C.R., with 102 million euros of committed capital and the company Talde Promoción y Desarrollo, SCR itself, with a share capital of € 32M. Moreover, the new Private Debt Unit will make, in the coming weeks, a first closing of its new debt fund of 100 million euros of target size, Talde Deuda Alternativa, FILPE, constituted in accordance with the tax regulations recently approved by the regional institutions of Bizkaia and Araba, that suppose tax advantages for particular investors in Income Tax, Property Tax and Inheritance Tax. Additionally, in the current year, a Real Estate Investment Unit will be launched which will be managed by a SOCIMI with a target amount of €100 M to invest in assets linked to the economic activity of the company where the asset quality and the solvency of the tenant will be key aspects.
Talde supports, through the vehicles it manages, Spanish SMEs that are well positioned in their niche of activity, that have a plan for growth, internationalization or sectoral consolidation and that are run by a professional and committed management team. Talde Promoción y Desarrollo, SCR has participated in more than 160 companies that belong to almost all sectors of activity. Currently, the company has in its portfolio investee companies in different industrial sectors (aeronautics, food, pig farm equipment, laboratory consumables, photovoltaic,etc) and service sectors (nursing homes,etc).
The objectives of TALDE PROMOCIÓN Y DESARROLLO SCR for the next few years are: to continue to provide profitability to its shareholders, to be a source of development and consolidation for companies, and to increase the resources under management through the increase of reserves or through a capital increase with the clear aim to get listed at the Alternative Stock Market in a period of 3 to 5 years
It should be noted that, in the General Meeting of TALDE PROMOCIÓN Y DESARROLLO SCR, SA celebrated yesterday, Daniel Ramón Vidal, distinguished scientist and General Manager of the company Biópolis, took part. Biópolis is an innovative company that offers high added value R + D + i products and services that was owned by Talde Promoción y Desarrollo SCR until 2017, when it was sold to the American multinational Archer Daniels Midland (ADM). Daniel Ramón highlighted the contribution of Talde in Biópolis, which was consolidating until today, becoming a reference company in the Spanish Biotechnology industry and a center of excellence for ADM, that currently distributes its products all over the world.