Homs Rental finds new private equity investor

Spanish rental company Homs Rentals – formerly Germans Homs – has received inward investment from London-based private equity company VGO Capital. At the same time, the minority shareholder since 2016, Suma Capital SC, has exited the business.

Homs rentals is expanding, with a new private equity investor and acquisitions. (Image: Homs Rental)

Homs will continue to be run by brothers Vicenç and Marc Homs, who retain a controlling share in the business. The company has grown dramatically over the past six years, from revenues of around €13 million in 2018 to almost €40 million last year.

Homs Rentals said the deal will see it enter a “new phase of growth with the entry of the investment fund VGO Capital, with which it aims to boost its expansion and strengthen its position in the Spanish rental market.”

The company was founded in 2010 by the Homs family and it was a winner of the small rental company of the year award in the 2019 European Rental Awards. At that time it was called Germans Homs, but rebranded to Homs Rental in 2022.

Dietrich Charuel, Partner at VGO Capita, said; “At VGO Capital, we seek to form partnerships with exceptional companies and management teams, and this transaction represents an investment aligned with our philosophy.”

At the same time, Homs announced the acquisition of Subministres Industrials SM SL, a specialist in the rental of portable accommodation and toilets, under the K2SM brand. The deal will add 600 assets to the Homs fleet.

In its investment with Homs rental, VGO was advised by investment bank DC Advisory.

Homs is focused on the Catalonia region of Spain, with its headquarters in Mataró and further locations in Barcelona, ​​Girona, Sabadell (Sant Quirze del Vallès) Terrassa, Granollers, Cabrera de Mar and Abrera.