Sabadell Corporate Finance, in cooperation with Melcofin, its South African Partner of the international M&A network Terra Corporate Finance Alliance, has exclusively advised Bidcorp Foodservice Europe Limited on the acquisition of 100% of Guzmán Gastronomía, S.L. along with the management team. Guzmán is a company specialized in the production and supply of fresh products for the HRI channel (Hotels, Restaurants and Institutions) owned by Miura Private Equity and the management team who acquired the company in 2011.
Bidcorp Foodservice Europe Limited is a wholly-owned subsidiary of Bid Corporation Limited, a leading global foodservice company spun out of Bidvest last year, listed on the Johannesburg Stock Exchange with a market cap of €6.1bn. Bidcorp, with more than 24,500 employees, has business ranging from catering to food processing in more than 40 countries with revenues exceeding €10bn.
Guzman Gastronomía is the leading group in Spain in the production and distribution of fruits, vegetables and other ingredients for the HRI sector. The Mercabarna-based company has 6 distribution centers in Barcelona, Ibiza, Seville, Madrid, Alicante and Logroño; 140 Spanish distributors and 40 distributors abroad, employing 450 people. In 2016, Guzmán reached a turnover of c. €90m.
Guzmán will be the platform through which Bidcorp will enter into the Spanish market with the aim to continue consolidating the fragmented foodservice business in Spain, which is currently estimated at €30bn.
Transaction team
Ignacio Mestres del Valle, Director. mestresignacio@bancsabadell.com
Raúl Campos Faura, Associate camposr@bancsabadell.com
Maria Llopis Gaspar, Analyst. mariallopis@sabadellcorporatefinance.com
About Sabadell Corporate Finance
Sabadell Corporate Finance (“SCF”), with offices in Madrid, Barcelona, Bilbao and San Sebastian, advises companies and shareholders, private equity funds, family offices and other financial investors in mergers and acquisitions, divestitures, search of potential partners and other Corporate Finance transactions.
SCF operates in the M&A Spanish market since 1990, with more than 100 transactions closed since 2000 and a team of sound professionals from various backgrounds and broad experience in the M&A field. SCF is a founding member of Terra Corporate Finance Alliance, an international network of investments banks founded in 2002 with worldwide presence.
SCF is a subsidiary of Banco Sabadell, currently the fourth private, quoted Spanish bank, with more than 2,900 branches, more than 26,000 employees, total assets over EUR 200,000 million and presence in 20 countries.
A member of Terra Corporate Finance Alliance (www.terra-alliance.com)
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