TCI Cutting, a company specialized in the manufacturing of waterjet and fiber laser cutting machines, strengthens its structure through the incorporation of SOPEF, a fund managed by MCH Private Equity, to develop its strategic international growth and expansion plan

Valencia, February 4th, 2020.- TCI Cutting is a global technological leader company in the manufacture of waterjet and a European benchmark in the manufacture of fiber laser cutting machines. The Company has incorporated SOPEF, a fund managed by MCH Private Equity, as a minority investor to undertake an ambitious strategic and international expansion plan.

As a result of the agreement, TCI Cutting strengthens its business and incorporates a well-recognised strategic partner with broad international experience in areas such as the internationalisation of Spanish companies or new market openings and business development. The Company expects to accelerate its growth worldwide, with special focus on American and Australian markets.

Since its foundation in 2001, TCI Cutting has become one of the leading manufacturers of water and laser cutting machinery in Europe and worldwide. The company’s offering of advanced customized technological solutions to meet client requirements along with an excellent and quick after sales service have driven the sustained growth of the company over the last years.

Also, its constant commitment to technological innovation, process automation and Industry 4.0 has allowed TCI Cutting to develop a comprehensive product and services catalogue of high quality and versatility demanded by sectors such as aeronautics, defence, naval, automotive and metallurgical, among others.

According to Emilio Mateu, CEO of TCI Cutting, “The entry as a minority shareholder of SOPEF will consolidate our presence in strategic markets worldwide by adding to our industry knowledge and technological leadership, the experience of MCH Private Equity Investments. This new scenario will undoubtedly guarantee the future success of our business in the medium and long term.”

According to Celia Andreu, Partner of SOPEF, “TCI Cutting is a company with first-class human and technical assets. Its constant involvement to provide the best product and service has motivated the innovation and development of new solutions demanded by the client year on year. Now, it is time to implement a professional and organized international expansion strategy that allows the Company to move to a next stage, becoming a worldwide reference in its sector”

About SOPEF

Spain Oman Private Equity Fund – SOPEF was constituted in 2018 with the ultimate objective of supporting the international development of Spanish companies through the acquisition of temporary minority stakes. The fund’s investors are COFIDES, FIEX and the State General Reserve Fund of Oman and count with a total capital commitment of 200 million euros. The fund is managed by MCH Private Equity Investments, one of the leading Iberian private equity firms focused on mid-sized companies.

The Compañía Española de Financiación al Desarrollo (“COFIDES”) is a state-owned company which has been offering financial support to Spanish companies investing abroad since 1988. It is the exclusive manager of FIEX and FONPYME funds on behalf of the Secretariat of State for Trade attached to the Ministry of Industry, Trade and Tourism. Shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and CAF-Development Bank of Latin America.

Established in 1980 by Royal Decree, the State General Reserve Fund of Oman (“SGRF”) is the main investment arm of the country which acts on behalf of the Sultanate of Oman in managing and investing the surplus achieved by the state from Oil and Gas revenues as well as from any other financial reserves. The fund aims to be a substantial resource that provides financial stability and diversity to the country’s economy while ensuring the continued development of the country by investing in a diversified portfolio of asset types in about 35 countries worldwide.

About TCI Cutting

TCI Cutting was founded in 2001 and is headquartered in Valencia, it is a technological leader in the manufacture of waterjet cutting machines and a benchmark in Europe for fiber laser cutting machines. Its portfolio of customized products and complementary services along with its network of distributors, have allowed the company to consolidate its growth in strategic sectors such as aeronautics, automotive, naval or defence, among others. TCI Cutting offers cutting edge technological solutions to improve the productivity, efficiency and competitiveness of its clients, both national and international, with a clear focus on automation, Industry 4.0 and digitalization in a globalised environment.