GP Bullhound advises Grupo Detector on its sale to Viasat Group
Madrid, 28 September 2018 – GP Bullhound acted as the exclusive financial advisor to Grupo Detector on its sale to Viasat Group.
Founded in 2000 and based in Madrid, Spain, Grupo Detector is a leading provider of Connected Car, Telematics and IoT solutions to both blue chip clients and consumers across the Iberian Peninsula.
Javier Benjumea, CEO at Grupo Detector, commented: “We are incredibly pleased by the outcome of this transaction, and look forward to teaming up with Viasat Group to continue delivering world-class solutions and results to our clients. GP Bullhound was selected in this deal because of their global network and deep understanding of our sector which proved invaluable in delivering the best possible outcome for all parties”.
Sven Raeymaekers, Partner at GP Bullhound, commented: “It has been a pleasure to work with Grupo Detector and its owners on this transaction, and help them find the right partner for the next phase of growth”.
This is GP Bullhound’s 15th transaction in 2018 and a further testament to the firm’s expertise in the Transport Tech sector. It also underlines GP Bullhound’s momentum in Spain, following recent transactions completed for clients such as Paradigma Digital (sold to Indra) and The Cocktail (sold to Wunderman, part of WPP).
For enquiries, please contact Sven Raeymaekers, Partner at GP Bullhound, at Sven.Raeymaekers@gpbullhound.com
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.