Menlo Capital invests €5.2m in Cheto Corporation
Clearwater International has advised the shareholders of Cheto Corporation on the sale of a majority stake in the company.
Cheto Corporation is a manufacturer of industrial high-precision equipment, focused on deep-hole drilling technology for the tooling and moulding industry.
The brand has attained world-wide recognition for the technology known as Deep Hole Drilling. Led by a young and dynamic management team, the company has ambitious plans for international expansion.
Menlo Capital is an independent Portuguese private equity management company advising the Growth Capital Fund SC1. The Fund provides capital and access to an international business network to Portuguese SMEs which have a proven business model and require capital to implement an ambitious business growth plan.
Aligned to the management team’s international expansion plan, Menlo Capital invested €5.2m in the company.