Padel Galis, a Valencia-based company and one of Spain’s leading manufacturers of padel courts, has finalized a shift in its ownership structure. CEO Juan Larraz Roig and Business Development Director Salva Segura have acquired a majority stake in the company, which was previously held by Atitlan,the investment group led by Aritza Rodero and Roberto Centeno.

Larraz joined the management team at Padel Galis precisely when Atitlan entered the company in 2021. The executive—who had previously worked at Atitlan itself and at Mercadona—decided to personally back Padel Galis as his own business venture, having reached an agreement with the group to take on both management responsibilities and a majority stake.

Larraz had gradually acquired small equity stakes, and following the departure of the company’s founder, Francisco Pérez Galisteo, last year, he held a 25% share in the sports company.

As the company itself explains, the transaction also involves the entry of other minority investors alongside the management team, while Atitlan’s stake is reduced to 27% of the capital—nearly five years after it first invested in the company in June 2021.

Atitlan’s entry into Padel Galis aimed to boost the business and strengthen the Valencian company’s professional and commercial structure amidst the sport’s boom and strong international demand. The group secured the necessary resources for investments—such as the launch of a new, more automated factory in Silla, Valencia, which has enabled production capacity to double.

Furthermore, in recent years, the group has expanded its product distribution networks across major markets in Europe and Latin America, while also focusing on entering Mexico and the United States due to the high potential for the sport in both countries.

10,000 COURTS IN 85 COUNTRIES

Padel Galis has achieved sustained growth, driving the company’s revenue to over €27 million in 2025—up from €6.7 million in 2021. The firm has expanded into more than 85 countries, installing over 10,000 courts. Furthermore, it possesses the production capacity to manufacture more than 5,000 units annually, positioning it to handle projected growth in the coming years.

The Valencia-based brand serves as an official supplier for over 100 professional tournaments and has forged partnerships with key industry figures and entities, such as 16-time world champion Fernando Belasteguín, racket manufacturer Wilson, and the Professional Padel Registry (RPP).

According to Juan Larraz, CEO and key shareholder, “This transaction is a natural step in Padel Galis’s evolution. It allows us to reinforce our commitment to the company’s long-term growth, consolidate our international standing, and continue driving a model rooted in product quality, industrial capacity, and innovation. We are embarking on this new phase with a shareholder structure that is more closely aligned with the management team, and with the goal of continuing to lead the global development of padel.”

The transaction, which saw Atitlan reduce its stake, involved EBN’s Corporate & Investment Banking team as the financier and Core Gestión as legal advisor.