Alantra Private Equity Fund III, managed by Alantra Private Equity, has completed the acquisition of Hiperbaric together with the management team and a group of local coinvestors with valuable industry knowledge.
The company was 90% owned by Inmobiopres Holding, S.A. (“IBP”), a holding company majority owned by the Nicolás–Correa family. The remaining equity was held by Mr. Andres Hernando, general manager of the Company. Mr. Hernando has fully reinvested his stake and will keep his executive role to lead the management team in the next growth phase.
Founded in 1999 in Burgos, where its main production facilities and headquarters are based, Hiperbaric is an engineering company focused on High Pressure Processing (“HPP”) equipment for the food industry.
HPP is a subset within the broader food packaging and conservation equipment manufacturing sector, that includes more traditional food safety and conservation applications like pasteurization. HPP uses cold water to safely pressurize fresh food without affecting its organoleptic and nutritional properties. It is an emerging and innovative technology within the food conservation industry, with a promising outlook based on a global trend towards healthy and organic food.
Hiperbaric has achieved a well consolidated position in the industry thanks to its solid knowhow in terms of in-house manufacturing processes, engineering capabilities and a strong R&D commitment.
The Company commercializes its products in over 30 countries, with c.98% of its sales coming from international markets by way of leveraging on a wide network of distributors and agents and two commercial branches in the United States and New Zealand.
The transaction also includes the acquisition of Demasa’s HPP business. Founded in 2004 and also headquartered in Burgos, Desmasa is a key strategic supplier of Hiperbaric, focused on the design, manufacturing, installation and maintenance of specialized industrial machinery and equipment. Desmasa supplies Hiperbaric with intensifiers (core component to generate high pressures), belts, accessories and other technical components.
With over 130 employees, the combined entity will enjoy a fully integrated value chain and will achieve valuable synergies in terms of production and knowhow.
Advisors to the sellers: Arcano Partners (exclusive financial advisor), King & Wood Mallesons (legal), EY (financial, legal, labour and tax DD)
Advisors to management team: KPMG (legal, tax and financial advisor)
Advisors to Alantra: Ashurst (legal and labour), Deloitte (tax), Accenture (commercial DD), Marsh (insurance)
Alantra is a global Investment Banking and Asset Management firm focusing on the mid-market with offices across Europe, the US, Asia and Latin America.
The Asset Management division has €3.8bn of AuM in Private Equity, Active Funds, Private Debt and Real Estate.
Alantra’s Private Equity enjoys over 25 years of experience, having invested €1.4bn in more than 80 companies since inception. Alantra PE is specialized in investing in upper mid-market companies based in the Iberian Peninsula, with attractive growth and consolidation plans and a clear internationalization strategy.
- By Arcano Corporate SLU
- Alantra Private Equity Fund III, Alantra Private Equity, Hiperbaric, Inmobiopres Holding, S.A., Arcano Partners, King & Wood Mallesons, EY, Deloitte, KPMG, Ashurst, Accenture, Marsh