Vallis Sustainable Investments II – Fundo de Capital de Risco Fechado (“Vallis II Fund“), in partnership with the Management Team, has successfully completed the acquisition from EMC-B Fund, owned by AlpInvest Partners and managed by Alvarez & Marsal, of the entire share capital of Docout, S.L.U (“Docout“), a Spanish company based in Madrid, which provides physical and digital documentation management services and solutions for outsourcing critical administrative processes.
Docout’s main clients are the largest and most demanding organisations in the banking, utilities and insurance sectors, among others. With facilities in Madrid and in the provinces of León, Cuenca and Barcelona, Docout stands out in the market for its use of advanced technology, developing end-to-end value-added solutions and taking responsibility for the execution of critical processes for its clients.
Docout’s management team, led by Rafel Bouvier Martin and Miguel Angel del Valle, has achieved an impressive growth and increased profitability in recent years, starting from a business initially rooted in the management of physical records, and successfully moving into the area of providing high value-added services, taking advantage of the combination of new process robotisation technologies with the know-how of its employees.
Vallis II Fund entry into the company’s capital aims to boost the excellent work carried out by the current Management Team, strengthening the company’s leadership position in the Spanish market, both organically and inorganically, and projecting its presence throughout the Iberian Peninsula.
Rafael Bouvier Martin, CEO of Docout, commented: “We face this new stage with enthusiasm, it is excellent news for the entire team of professionals that make up Docout, who have demonstrated their commitment to the continuity of their teams that have given the Company so much success in recent years, and we are convinced that the incorporation of Vallis Capital Partners will allow Docout to strengthen its growth strategy in the Iberian Peninsula. We share with our new shareholders the essential values for the development of the Company, with the fundamental pillars being the continuity of operational excellence, customer orientation and compliance with regulations. I believe that the entry of Vallis Capital Partners will strengthen Docout’s position in the market and with our clients, giving us more solidity and the means to implement our Business Plan“.
Eduardo Rocha, CEO of Vallis Capital Partners, SCR, SA, the GP of Vallis II Fund, mentioned that: “It is with deep satisfaction that we have completed the fifth acquisition of our second Fund, by investing in Docout, a company with a proven capacity for growth and innovation, namely in the use of new information technologies to evolve its business model. As with our other investments, this acquisition favours a capital partnership with excellent management teams. After Insparya and Logifrio, Docout is our third Iberian investment platform and our fifth direct investment in Spain, a strategy we believe in and will continue to implement“.
About Docout, S.L.U.
Docout, S.L.U. is a Spanish company founded in 2002 in Madrid, leader in the storage of physical records and the digitisation of documents, as well as in the provision of administrative BPO and document management services, offering a complete portfolio of services to its clients in critical business areas.
About Vallis Sustainable Investments II – Fundo de Capital de Risco Fechado
Vallis Sustainable Investments II – Fundo de Capital de Risco Fechado is regulated by CMVM, managed by Vallis Capital Partners, SCR, S.A. and has a capitalisation of 151 million euros.
Its current portfolio includes Insparya, the European leader in hair transplantation, with clinics in Portugal, Spain and Italy, Logifrio, an Iberian logistics operator for temperature-controlled food products, Europalco, the Portuguese market leader in event organisation and audiovisual equipment rental, and Raclac, a medical device production and distribution company, leader and pioneer in Europe in the production of nitrile examination gloves.
Vallis Sustainable Investments II – Fundo de Capital de Risco Fechado acts in accordance with socially responsible criteria, prioritising, in its investment strategy, companies operating in market segments with high growth potential.
This transaction benefits from the support of the European Union under the Equity Facility for Growth established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020), as well as from the support of the EGF (Pan European Guarantee Fund), implemented by the European Investment Fund with the financial support of the participating member states. In addition, the operation was cofinanced by the Fundo de Capital e Quase Capital (FC&QC) and by the Fundo de Fundos para a Internacionalização (FFI), both managed by Banco Português de Fomento, S.A.
About Vallis Capital Partners, S.A.:
Vallis Capital Partners, S.A. is a shareholder in two private equity capital fund management companies with assets under management in excess of €200 million, and acts as their Investment Advisor.
Vallis Sustainable Investments I and Vallis Sustainable Investments II Funds invest in Iberian SMEs with high growth potential and in line with the United Nations Sustainable Development Goals (UNSDG).
Vallis Capital Partners was the first Portuguese asset management company to become a signatory of the “United Nations Principles for Responsible Investment (UNPRI)”.
About Alvarez & Marsal
Privately held since its founding in 1983, A&M is a world leader in consulting services, business performance optimization and restructuring management.
The company employs more than 8,000 people on four continents, offering services to companies, boards of directors, private equity firms, law firms and government agencies.
