NAZCA CAPITAL – a Spanish private equity firm focused in the mid-market segment– has signed an agreement for the acquisition of a majority stake (through its Fund Nazca III) of El Granero Integral to the Muñoz Family, the company’s founders and owners. Sara Muñoz will continue to lead the company’s management team, with the founder’s support, Isaías Muñoz, who will be focused in strategic areas such as the development of new products and the expansion of the company.
In this new stage, the main objective of El Granero Integral will be to double its sales in the next four years, consolidate its current strong national growth and develop in-house added-value products for both specialized and food retail channels. The company will also consider selective acquisitions of product-complementary companies.
El Granero Integral, founded in 1982, is the leading company in the natural/ecological food and dietary supplements in the specialized channel and in the food large retail distribution. Currently, El Granero Integral offers both dry and fresh food and dietary supplements mainly under its own brand of in-house manufactured products, completed with third-parties brands. El Granero Integral is a reference in this sector due to its wide product’s range (2,000 references), its added-value products and the quality of its service.
The company employs 100 people. Headquarters are located in Seseña (Toledo, Spain) and it also has a facility in Paracuellos (Madrid, Spain). The company reported a turnover of €23 million in 2014 with 15% of annual increases in the past two years.
The Spanish natural/organic food sector has experienced over 10% annual growths in the last ten years based on the high natural and superior quality food product demand. Spain is the European country with the biggest organic crops, with 1.2 million of hectares, and the fifth largest consumer of this type of products.
Grupo SCA has acted as financial and legal advisor for the Muñoz Family, and Roca & Junyent and KPMG have advised on the legal side and with the due diligence to the acquirer.
About Nazca
Nazca Capital is a Spanish private equity firm with focus on the mid-market segment that operates since 2001. Nazca leads its market segment, both by volume of deals and by profitability of its investments. Since 2001 Nazca has completed 44 transactions: 20 acquisitions, 13 further built-ups on portfolio companies and 11 divestments.
NAZCA has fully invested and divested the fund Fondo Nazca I and partially the fund Fondo Nazca II with sizes of €100 million and €150 million, respectively. At present, NAZCA manages its third fund Fondo Nazca III, a €200 million fund with international institutional investors such as Alpinvest, the biggest European private equity investor.
NAZCA’s current shareholder portfolio comprises 8 companies: Autor (outdoor advertising), Logifrio (specialized logistics), Eurekakids (educational toys), Grupo IMO (radiotherapy services), Grupo OM (visual merchandising), Agromillora (R&D in the agricultural sector), Gestair (private aviation) and FoodBox (retail food). NAZCA has divested from: Svenson (hair treatments), Rodilla (fast food), Dibaq (animal feeding), Unipost (postal operator), Vinartis (wine sector), Lizarrán (food-retail), El Derecho (legal contents), Guzmán (gourmet food), Acens (hosting), Hedonai (medical-aesthetic sector), Elogos (e-learning) and Fritta (Frits and glazes in ceramic sector). www.nazca.es
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