Through its ICF Capital Expansió II fund, in December 2022 ICF Capital closed a capital increase transaction to pump €3 million into PMP, a Lleida-based firm in the industrialised building sector. Fifteen years in business, PMP is now embarking on a new stage anchored in product diversification and geographical expansion.

ICF Capital’s acquisition of a stake in the company will enable PMP to step up investment in R&D and innovation, technology, infrastructure and personnel. It will also help in the coming years to cement the initiatives kicked off in 2022 such as deploying KHANVIAN, a unique patented building system. The system’s components are mass produced and make it possible to relocate partition walls with factory-fitted facility systems.

As part of its development of its new business areas, the company has split its operations into three different brands: Prêt-à-porter cases, engaged in building turnkey houses; àParts, involved in marketing, manufacturing and assembling prefabricated components for building blocks of flats; and Prêt-à-porter studio, specialising in interior architecture and refurbishments.

“To get a partner like the ICF, it’s almost as important what you want to do in the future as what you’ve done in the past,” notes Montse Pujol, CEO at PMP. “The ICF looked at the group’s track record, creditworthiness, legality and professionalism before closing the deal. It’s not just about the financial backing because the ICF is also a seal of approval for our customers and suppliers.”

“We were extremely impressed by PMP’s extensive experience and prospects,” adds Adrià Torrelles, ICF Capital’s investment director. “Plus there is its capacity to bolster Catalonia’s business community, as it’s headquartered in Lleida and has a production plant in Les Borges Blanques and offices throughout the country, coupled with the need to continue industrialising the construction sector and, in particular, the female leadership of a business in the traditionally male building industry”.