Elche Group continues to strengthen Valectra Global, an investment vehicle that holds significant stakes in a diverse portfolio. Among its notable holdings are travel wholesalers CDV Group, the technology company Orizon, and the pet store chain Miscota, as well as other ventures. As reported in the Trade Registry Official Bulletin this week, Valectra Global expanded its capital, adding 12 million euros to the 25 million euros initially allocated when the vehicle was created in 2021.
The company explains that the new funds are intended to support ongoing projects and unlock fresh growth opportunities across its operating assets. The focus is on accelerating initiatives led by the group, with particular emphasis on the air and hotel consolidator CDV, a segment seen as a key driver of expansion in the near term. Valectra Global executives describe the group as being well positioned to reach leadership roles within its industry.
According to the latest consolidated accounts for 2022, CDV already contributed a substantial portion of Valectra Global’s activity. The holding company reported a turnover of 112.3 million euros, with CDV accounting for 69.8 million euros. Recent figures suggest this contribution rose by about sixty percent in the following year, underscoring the growing impact of the travel consolidation strategy on the group’s overall performance.
The board noted that the capital injection was also aimed at diversifying risk and expanding the group’s investment footprint. Specifically, Valectra Global used the new funds to increase commitments in funds structured with a higher risk profile by roughly 15 percent, reflecting a proactive stance toward higher-return opportunities in a volatile market.
With 12 million euros raised and 56 percent already paid, the remaining 44 percent will remain under suspension for the next three years, allowing the company to navigate capital needs while continuing to pursue strategic initiatives. This approach aligns with the broader objective of building a more resilient and expansive asset base for Valectra Global and its parent holding structure.
diversify
Originating from the Coves family, the Elche group has long been involved in a broad spectrum of businesses. The founder, Vicente Coves, began with butane distribution in 1961 and gradually broadened into real estate and construction. The group later entered the gaming sector, establishing a network of casinos and bingo operations. In recent years, the owners have pursued new avenues, including technology and tourism assets, to balance and grow the portfolio. In 2021 they established Valectra Global as a regulated vehicle to steer these new investments, starting with an initial capital of 25 million and a further 12 million added subsequently to support expansion plans.
Among the strategic moves is the takeovers and investments in technology and travel. Orizon, a technology company within the portfolio, provides platforms designed to improve the performance and reliability of large-scale computer systems and serves major financial and insurance clients across Spain. The group also holds a stake in PLD, the company noted for its pioneering role in the space industry, and maintains a meaningful position in the pet retail sector through Miscota. CDV, a prominent travel wholesaler directed by Juanfran Trasmonte, stands out as a cornerstone of the group’s travel consolidation strategy that aims to create more integrated travel offerings for customers.