Ancala acquires Grupo Supera to drive domestic and international expansion

Supera’s large centres provide a broad range of sports, fitness and leisure community facilities. Located in densely populated urban areas, the centres operate under long-term municipal concession agreements and offer high-quality, highly affordable facilities designed to support local communities, in particular families and seniors, which make up the majority of the platform’s customer base.

The concession model – typically provided under 40-year contracts with low, index-adjusted tariffs – also provides unique access to prime city-centre locations at the heart of communities.

Supera has established a leading position in the Spanish concession market and a leading and growing presence in Portugal. The platform currently operates five centres in Portugal, with six additional centres under development in strategic locations including Braga, Odivelas, Almada, Porto and Seixal. The business has also been awarded its first concessions in Italy, in Reggio Emilia and Alessandria, and has plans to expand further into this market.

As part of the transaction, Supera CEO, Guillermo Druet, will continue to lead the business and is investing alongside Ancala to help drive Supera’s future growth. Ancala will work with Guillermo and his team to deliver new site rollouts in Spain, Portugal and Italy, continue to enhance its existing portfolio of sites and further expand Supera’s customer base

Evgeni Jordanov, Director, Ancala, comments:

“Guillermo and the broader Supera management team have built a market-leading community concession platform operating in an attractive, growing and highly resilient sector. The business has developed a highly differentiated model built around strategically located, large-scale community sites that provide essential services to local communities at low price points.

“We will work closely with Guillermo and his team to support Supera’s domestic and international expansion plans.”

Guillermo Druet, CEO, Supera, adds:

“We are delighted to partner with Ancala as we continue to build on Supera’s strong market position in Spain and accelerate our expansion in Portugal and Italy.

“From our first meeting with Ancala, we developed a strong conviction in their approach, expertise and ability to enable our growth plans. They have a proven track record of helping a broad range of infrastructure businesses to successfully scale and we’re looking forward to achieving similar successes, helping even more people to access our facilities and strengthening communities.

“I would like to thank Portobello Capital for their trust, support and collaboration throughout our partnership. Together, we have built a stronger business and laid the foundations for the next stage of Supera’s growth.”

To date, Ancala has provided more than 45% of the initial investment capital in follow-on funding to drive its portfolio firms to grow organically and through acquisition. On average, its portfolio companies have grown revenues by over 90% since the leading infrastructure manager first invested.

The transaction provides an exit for Portobello Capital. Financial details of the transaction are undisclosed.

The transaction is due to complete by the end of July.