Atena now holds a majority stake in Quinta & Santos - Score, a Portuguese textile company specialising in finishings, namely for the luxury segment. The purchase of this company, carried out through the Atena II fund, will enable Atena Equity Partners to strengthen the company's strategy and organic growth, focusing on strengthening the relationship with current customers and partners.
Quinta & Santos, which has an industrial unit in Barcelos, currently employs around one hundred employees and is expected to end the year with turnover in excess of 8 million euros. In addition to its high environmental and energy efficiency, the unit also has a research and development centre dedicated to researching new technologies and different methods in the preparation of processes in order to innovate and revolutionise the textile industry.
Atena was advised on the acquisition of Quinta & Santos by EY and GLX, and the seller was advised by RSN Advogados. This is the fifth investment announced by Atena II Fund which, since 2021, has already completed, among other transactions, the acquisition of Hospital Particular de Almada, a leading hospital on the south bank of Lisbon, and Sidefarma, a Portuguese pharmaceutical company.
The acquisition of Quinta & Santos falls within the scope of corporate succession, and the shareholders have recognised the added value of the option of selling a majority stake in the company to Atena Equity Partners.
According to Miguel Lancastre, founding partner of Atena Equity Partners, "over the last 30 years or so, Quinta e Santos has followed a path of innovation and become a benchmark in the textile sector, contributing its expertise to enhance the sector in Portugal. Today, it is recognised nationally and internationally for its finishing activity, particularly in the luxury segment. Our goal is to continue to develop the company, exploring growth opportunities. Atena Equity Partners has an important track record of value generation, counting on financial and human resources that will contribute to the expansion of the company and to continue with the strong focus on sustainability".