Business is brisk in pádel. As Technifibre CEO Nicolas Préault said in our recent interview with him, “Padel is booming as l have never seen a sport boom before.”
On July 6, by infusing capital and acquiring stakes, Ergon Capital Group has taken a majority position in 360° Padel Group, parent of both Pádel Nuestro and the pádel brand Siux. The Group had been under the control of a pool of investors led by its executive chairman, Íñigo Colomina. Together they had acquired a number of competitors and established a business unit called Pro Padel Group.
The group’s new CEO is Rafael Martínez-Avial. Colomina will endure as executive chairman. He and his management team have now fully reinvested in the group, as has the Spanish venture-capital firm Inveready, which began its involvement in 2021.
Founded in the Spanish city of Murcia, Pádel Nuestro has established subsidiaries in France, Italy and Sweden. By the end of the year, though, it plans to be operating in Japan and the U.S. as well. To this end, as Palco23 reports, it is working out deals with local companies and associates, “although it has not ruled out making an acquisition and operating under its own name, almost in the manner of a franchise.”
In any case, it is looking forward to a historic haul of €55 million in annual revenues, for an increase of 35 percent from the €40 million of 2021.
