DIF Capital Partners has agreed to take ownership of Grupo Itevelesa, a Spanish provider of vehicle inspection services, on behalf of its DIF Infrastructure VI fund.
Headquartered in Madrid, Itevelesa is one of Spain’s largest independent providers of periodical technical inspection services for vehicles, which are conducted under contracts with regional governments, of which the majority are long-term, concession-based contracts. The company operates 72 fixed locations and 20 mobile units across 11 autonomous communities.
The seller was Hayfin Capital Management, which has been the company’s majority shareholder since 2015.
Gijs Voskuyl, partner and head of investments for DIF Infrastructure VI, said the acquisition aligns closely with DIF’s core strategy of making stable and long-term equity investments in best-in-class operational infrastructure assets with a strong market position and predictable cash flows.
DIF VI, which completed a €3 billio
