Banco Sabadell

Izertis receives 8 million in funding from Banco Sabadell to continue its growth strategy

Banco Sabadell, through Crisae Private Debt, a company created to promote private debt funds for medium-sized companies, has granted us financing of 8 million euros through a seven-year bullet operation, aimed at boosting our inorganic development.

These funds are aimed at Spanish companies with solid internationalisation plans, with a very limited risk profile, moderate leverage levels and interested in having a diversified financing structure beyond bank credit.

In this way, Crisae supports our growth strategy, which in the current financial year has integrated three companies, Duonet, Okode and Sidertia, which has allowed us to expand our capacities by incorporating and expanding specialities with very high growth forecasts.

In the specific case of Sidertia, our largest acquisition to date, it makes us one of the leading national players in cybersecurity, custody, audit and prevention, with extensive know-how in the management of critical incidents in organisations.

The resources we obtain with this financing will make it possible to increase operations of greater robustness

Our strategic plan aims to achieve a turnover of 125 million euros and 12.5 million euros of normalised ebitda by 2023, which translates into doubling the turnover of the last financial year. In addition, we have been one of the Spanish companies included in the Financial Times ranking of the 1000 fastest organically growing companies among the 36 European countries. Our figures show a compound annual growth rate of 36.95% (turnover) between 2017 and 2020.

Raúl Rodríguez, Deputy General Manager of Banco Sabadell and Chairman of Crisae Private Debt has said: "It is an honour to support Izertis in its growth strategy in what is Crisae's third transaction. With our flexibility, we support the company in achieving its strategic plan”.

As stated by Lourdes Argüelles, our Administration and Finance Director, "the resources we obtain with this financing will make it possible to increase operations of greater robustness such as those we have been carrying out in recent months, with a view to exceeding our ambitious Business Plan".