Holmes Place is the leading operator of high-end gyms in the Iberian Peninsula. At the moment of the divestment, the group operated 29 centres in Spain and Portugal, 26 under “Holmes Place” brand and three under “Europolis” brand; additionally, the group also operates eight franchised centres under the “FitnessWorX” brand. Dinamia invested originally in the company in August 2005 and sold its stake in the group to the managing companies of the Holmes Place brand in several European countries. 
 

Emfasis is the leading provider of billing and direct marketing services for large corporations, with a strategic focus on the utilities, telecommunications and financial services sector. Dinamia made an initial investment in April 2005 alongside N+1 Capital Privado, and after a buid-up process by which four companies were acquired, Dinamia sold its stake in October 2011 to the industrial player Servinform, a technology and outsourcing services provider and Emfasis' competitor. 
 

The Segur Group is a leading provider of security services in Spain, focused on surveillance services and alarm and security systems installation and management. Dinamia made this investment in March 2004 alongside N+1 Capital Privado and other financial investors and sold its stake in September 2011 to its co-investors MCH Private Equity and Corpfin Capital.
 

Serventa is one of the leading companies in the sector of distribution of food and beverages through vending machines. Serventa manages over 18,000 vending machines and provide more than 4,000 companies throughout the Iberian Peninsula. Dinamia invested in the company in April 2006 along with N+1 Capital Privado in a MBO deal and sold its stake in July 2011 to Autobar, the European leading vending operator.
 

Bestin is an investment made in April 2008 in the logistics sector. It was a BIMBO and build-up transaction in the freight-forward sector. It was sold to the management team in December 2010.
 

Ydilo is a company devoted to outsourcing IT services and one of Europe’s leading suppliers of advanced voice ASPs. This is a minory stake investment carried out by Dinamia in April 2001. Dinamia's stake in the company was sold in October 2009 to funds managed by Espiga Capital Inversión.
 

Atecsa was the leading technical vehicle inspection operator in the District of Valencia. It was an LBO transaction performed by Dinamia in July 2005. Together wih N+1 funds, we held 100% of the company. The company was sold in February 2009 to a reputed Spanish infraestructure fund, Ahorro Corporacion Infraestructuras.
 

Woolworth retail chain is made up of over 300 department stores. The chain operates in Germany and Austria and most of its outlets are owned properties. Dinamia participated in the company’s MBO alongside Nmás1 Capital Privado in 1998. Total Dinamia shareholding were sold to Electra Private Equity Partners in March 2008.

NetTV won one of the two free-to-air digital terrestrial television licenses tendered in 2000. The consortium is made up of some of the main media groups including Prensa Española, Globomedia, Europroducciones, TF1 and Grupo Intereconomía. Dinamia sold its stake in this consortium in February 2008 to The Walt Disney Company.
 

General de Alquiler de Maquinaria (GAM) fwas a BIMBO and build-up deal devised to create a company specialised in machine rental for civil engineering and manufacturing companies. The project entailed the outright acquisition of 100% of Alquioviedo, Tcabrera and Aldaiturriaga in July 2003. The strategy was predicated on consolidating a highly fragmented sector (over 1,500 companies), typically under family management. The complementary nature, by geographic and business, of the targets acquired enabled GAM to provide similar standards of service nationwide.
GAM’s IPO process began in 2006 and concluded in January 2007.

In December 2006 Bodybell undertook an organisational and financial restructuring, cancelling its original debt and refinancing its bank debt. As a result of this process, Dinamia, together with the other investors, recouped 105% of its initial investment in this transaction, maintaining the same ownership stake and economics in the resulting group.

Capital Safety Group is the world's leading manufacturer of workplace fall protection and confined space systems and equipment. Its products include rope devices, nets and harnesses. Dinamia participated in the company’s MBO together alongside Nmás1 Capital Privado in January 1999. This investment was sold in March 2007 to Candover Partners Limited.
 

Undesa is an oleo-chemical group that manufactures and sells fatty acids and their derivatives (esters, stearates, stabilisers, lubricants, esterquats, etc.). The group produces over 100,000 tonnes per annum. Its main customers come from large industrial sectors such as the detergent, cosmetics, plastics tyre, paint and chemicals industries. Dinamia led the MBO of Undesa which was previously the Spanish and Italian fatty acid division of Benckiser. This investment was sold in July 2007 to Snia S.p.A.
 

Marie Claire makes and sells stockings, socks, lingerie, underwear and swimwear; it is the leading producer of stockings in Spain. It has focused strategically on international expansion and new product development. Dinamia, through an MBO, led the acquisition of Marie Claire from UK group Hartstone in July 1998. It exited this investment in October 2003.
 

Borrás produces and sells an extensive range of puzzles, educational games, magic and construction sets and educational electronic toys. It has several prestigious brands including Educa, Magia Borrás, Tente, Teleesquech and Conector. Nmás1 led the 2000 BIMBO ('buy-in management buy-out') of Borras and its subsequent merger with Educa. In January 2005 Dinamia sold its entire stake to the management team.
 

Robbialac is the leading manufacturer of decorative paints in Portugal. Its success is predicated on the strength of its brand and its extensive retail network with nearly 50 proprietary outlets located throughout Portugal. In 1999 Robbialac acquired Duraval, one of the top ten decorative paint makers in Spain, making it one of the largest paint groups in the Iberian Peninsula. Later Dinamia acquired Robbialac as part of an MBO, at the time the largest deal of this kind in Portugal. The company was sold to French group Lafarge Peintures S.A.S. in October 2004.
 

Unica is engaged in industrial cleaning services. This investment was an MBI and build-up project in May 2001. This process resulted in the creation of the leader in Spain, where the sector was highly fragmented relative to the rest of Europe. In May 2004, the company was sold to the ISS Group, the leading European sector player.
 

Perti is a Tier 1 supplier to the automotive industry. The company designs and produces battery cables and special connections. Dinamia led the company’s MBI in July 1999. It exited its investment in December 2003.
 

Grupo Isolux is a provider of engineering and building solutions specialised in the telecommunications, environmental and energy sectors. Dinamia co-led an MBO in 1999, when Banesto, one of Spain’s leading retail banks, decided to dispose of its non-core investments. In August 2002, the company was sold to the management team in a second generation buy-out.
 

Movinord is the leading Spanish manufacturer of office partitions and one of the leading producers of suspended ceilings. It sells its products through exclusive distributors. Dinamia’s management team led the company’s MBO in 1997 and later sold its stake to Caja de Ahorros de Navarra in 2001 in a second generation buyout.
 

Ei System is a PC assembler, wholesaler and retailer. Its strategy was based on expanding a network of superstores, leveraging its own brand, service quality and tailored design. Dinamia led the company’s MBI in 1998; it was sold two years later to listed UK firm, Dixon’s.
 

Duraval eis a mid-sized manufacturer of decorative paints, varnishes and resins. It sells its products through independent retailers, targeting professional painters. Part of the Uralita Group, the Dinamia management team led the MBO of the company and it to Robbialac in 1999.

Ubago is engaged in two business lines: (i) specialist fish conserves and (ii) smoked fish; it is the leading smoked salmon brand in Spain (Skandia). Dinamia’s management team led this IBO and later sold the fish conserve division to its management team in an MBO and sold the smoked division to French company Labeyrie. Dinamia sold its stake in Ubago in 1999.
 

Multimedia Cable was an investment vehicle set up to participate in a range of cable TV projects. The company gathered together some of the top shareholders for participating in concession tenders. This start-up venture was sold by Dinamia to Grupo Eléctrico de Telecomunicaciones (ENDESA) and STET Telecom in 1998.
 

Murtra manufactures webbings and slings and is the leading Spanish producer of PP yarn. The company is well positioned in the growing PP yarn segment, a relatively new market that requires technical and production know-how. Dinamia’s management team structured an equity offering to fund the company’s growth. The founding shareholder repurchased its stake in 1998.
 

Fundiciones Ansola is a supplier of aluminium die castings specialised in parts for the automotive industry and small electrodomestic appliances. Dinamia’s management team acquired a significant stake as part of an equity offering. This investment was sold in 1998 to JL French, a leading die caster in the US.
 

Equipamientos Urbanos eis specialised in the sale of advertising space on street furniture, mainly bus shelters. The company has an extensive catalogue of proprietary and patented street furniture designs which it installs and markets. Dinamia led the company’s MBO. The company was sold to Clear Channel in 2000.

Educa makes and sells educational toys. It sells a broad range of puzzles and educational board and electronic games. Dinamia’s management team led an equity offering to fund the company’s modernisation. Educa was sold to Borrás in 2000.
 

Europastry is Spain’s leading producer of frozen dough, pastries and breads. The company was growing rapidly, driven by a shift away from fresh based breads and pastries to pre-cooked products. Dinamia’s management team led an equity offering to fund the company’s growth, selling its stake to the company’s controlling shareholders in 2000.

Funespaña is a funeral service and cemetery management company. The company was built into a leading group with a nationwide presence through the acquisition of local players in a highly fragmented sector. Dinamia’s management team acquired a minority stake which it sold down in 1998 in conjunction with the company’s IPO.