Portugal based audio visual supplier to the Southern Europe events market, Europalco, has announced a new partnership with private equity firm Vallis Capital Partners.
Europalco says the partnership will allow it to continue its growth, through regional expansion and to introduce new features in the market. The link up will mean fresh investment but the companies have not revealed any sums involved.
Founded 26 years ago, Europalco has 160 employees.
“The partnership with Vallis Capital Partners is a new stage in Europalco’s development. We will continue with the same identity and culture that characterises Europalco, offering our customers the most innovative solutions in terms of events and shows, allowing us to participate in projects of great dimension and renown nationwide and internationally. Investing in new technologies and expanding our operations to other locations are some of the benefits that this union will bring. This is a strategic step that would not be possible without the extraordinary work of our employees. It is also with them in mind that I decided to create this partnership with Vallis,” said Pedro Magalhães, founder and CEO of Europalco.
“We are very pleased with this investment and excited about the joining of forces between Vallis and Europalco, a company with a leadership position and innovative DNA that sets it apart in this sector. This partnership will accelerate the company’s growth, continuing the excellent work developed by the Europalco team, while creating opportunities for the development of its people,” added Eduardo Rocha, founder and CEO of Vallis Capital Partners.
This deal is subject to approval by the Competition Authority.