Alantra Private Equity exits Salto Systems through Fund III while reaffirming its long-term commitment through a new investment

• The firm has launched a dedicated co-investment vehicle alongside Alantra Private Equity Fund IV to continue supporting Salto following the successful exit of Alantra Private Equity Fund III.
• Alantra PE has been invested in Salto since 2013 through successive investment vehicles. During this period, Salto has increased revenues sixfold, from €79mn to over €460mn, establishing itself as a global leader in smart access and identity solutions.
• The co-investment vehicle is backed by a diversified group of domestic and international institutional investors and family offices, including Indar Kartera (Kutxabank). The transaction marks Fund III’s third exit in 2026, following Health in Code and Unión Martín.
  

Madrid, 22 July 2026 – Alantra Private Equity (“Alantra PE”) has successfully completed the exit of Alantra Private Equity Fund III (“PEF III”) from Salto Systems (“Salto”), a global leader in smart access and identity solutions, while reaffirming its long-term commitment to the company by reinvesting through Alantra Private Equity Fund IV (“PEF IV”) and a dedicated co-investment vehicle, both managed by Alantra PE.

The co-investment vehicle brings together a diversified group of domestic and international institutional investors and family offices, including Indar Kartera, Kutxabank’s long-term investment vehicle, as anchor investor.

As part of a broader reorganization of Salto’s shareholder base, PEF III exited alongside Sofina, Peninsula Capital Partners and other minority shareholders. Inflexion Private Equity Partners, Asúa Inversiones, Beraunberri and Key Wolf have joined Salto’s shareholder base. Alantra PE and Florac have reaffirmed their long-term commitment to the company by reinvesting. The transaction preserves Salto’s long-term ownership structure, with the company’s founders and long-standing local investors continuing as majority shareholders.

Founded in 2001 and headquartered in Oyarzun, Spain, Salto is a global leader in smart access and identity solutions. Through its portfolio of intelligent access technologies, cloud software and digital identity platforms, the company enables seamless, secure and sustainable access experiences across a broad range of industries and applications. Today, Salto employs more than 1,850 professionals across 50 offices worldwide, operates production facilities in Spain and Austria, and serves customers globally through a highly innovative product offering supported by 13 R&D centers. Since 2012, the company has completed 20 acquisitions, demonstrating a strong track record of inorganic growth.

Through successive investment vehicles, Alantra PE has supported Salto since 2013 across the company’s different phases of growth and international expansion. Since Alantra PE’s initial investment, Salto has increased revenues sixfold, from €79mn to over €460mn.

The Salto transaction represents PEF III’s third exit in 2026, following Health in Code and Unión Martín, demonstrating the fund’s active realization strategy and Alantra PE’s ability to continue backing selected portfolio companies over the long term.

Gonzalo de Rivera, Managing Partner of Alantra Private Equity, said: “For more than a decade, we have had the privilege of supporting Salto’s remarkable journey from an innovative access control business into a global leader in smart access and identity solutions. This transaction marks the successful exit of our Private Equity Fund III investment while reaffirming our conviction in Salto’s long-term growth potential. Our reinvestment through Fund IV and our dedicated co-investment vehicle demonstrate the flexibility of our investment model and our ability to mobilize long-term capital for exceptional businesses. We are delighted to continue partnering with Salto’s founders and management team as they build on the company’s remarkable global success.”

Alantra PE manages c. €720mn in fee-earning assets across three verticals: healthcare, food & beverage, and industrial tech.

In connection with this transaction, Alantra PE was advised by Addleshaw Goddard.