COFIDES supports international growth and a wider range of services of CLEVER Global

29/11/2017

Madrid, November 29, 2017.- COFIDES will support CLEVER Global, S.A., a company from Seville focused on management, technology services and subcontracting and labour monitoring SmartSourcing consultancy for their international expansion in Peru. For this purpose, COFIDES will grant 230,000 euro through a co-investment tool attached to their own resources (25 %) and the FONPYME (75 %).

This support allowed the company to purchase a Peruvian company developing labour health, training and risks prevention activities. Altogether with the contribution made by the company, the total investment for this transaction attains 330,000 euro. This is the second time that COFIDES and CLEVER Global collaborate, after the support given by COFIDES in 2014 for the establishment of the company in Peru.    

COFIDES chairman, Salvador Marín, highlighted the international background of this SME which already boasts a great international presence with subsidiaries in Mexico, Chili, Argentina, Brazil, Colombia, the USA, Peru, Honduras, the United Kingdom, Uruguay, Ecuador, United Arab Emirates and Australia. At this point, the chairman recalled that the “internationalisation of the Spanish SMEs is one of the main goals at COFIDES, since when increasing their activities abroad, they strengthen the mother company and they are more solid and get bigger”.

On his side, the director of Strategy and Organisation at CLEVER Global, Alejandro Jos, thanked the support provided by COFIDES: “The bet by COFIDES on us began in 2014, it was at a very primary stage of our project, they were able to see we had a long way forward and we thank them they still trust our project". Clever Global has been guided by GARRIGUES for both transactions.

Founded in Seville in 2004, CLEVER Global is a company of technology services and SmartSourcing specialising in coordinating business activities and the global management of suppliers and contractors, employees, machinery and vehicles. The company proves to know the subcontracting laws in every country and the specific rules concerning labour monitoring and risks prevention. At the end of 2016, the company had 226 employees.

COFIDES is a combined private-public concern, which since 1988 has provided financial support to Spanish enterprises abroad. COFIDES manages the FIEX and FONPYME funds on behalf of the State Secretariat for Trade, within The Ministry of Economy, Industry and Competitiveness. The stockholders include the Bank of Bilbao Vizcaya Argentaria (BBVA), Santander Bank, Popular Bank, Sabadell Bank and CAF (Development Bank of Latin America).

COFIDES is a combined private-public concern, which since 1988 has provided financial support to Spanish enterprises abroad. COFIDES manages the FIEX and FONPYME funds on behalf of the State Secretariat for Trade, within The Ministry of Economy, Industry and Competitiveness. The stockholders include the Bank of Bilbao Vizcaya Argentaria (BBVA), Santander Bank, Popular Bank, Sabadell Bank and CAF (Development Bank of Latin America).

 

 

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