Balio Capital, a private company investment platform backed by a group of investors with experience in corporate transactions, has acquired the Madrid-based companies Embutidos La Granja and Adobos Caysan in a simultaneous and coordinated operation, aiming to create a group specialized in pork products, focusing on cooked, smoked, and marinated items.
Sergio Pérez, CEO of Balio Capital, highlighted that “the acquisition of the two companies will allow us to optimize their competitiveness and value chain. Despite the challenges of executing two simultaneous transactions, the synergies arising from the increased scale of both companies represent a clear source of value for the business and its shareholders.” He also emphasized that “the structure of the transaction and the continuity of the management teams provide us with a very solid foundation to embark on a new phase of growth for the group.”
The operation is part of a project designed to ensure the continuity of two family-owned businesses undergoing a generational succession process. According to Balio Capital, the transaction enables an orderly transition and helps to strengthen two businesses considered complementary.
Both companies produce what are defined as high-quality natural products, free from lactose, gluten, and allergens, prepared using cooking, smoking, and marinating techniques. They also have a presence in both the wholesale market and retail chains. The combined revenue of the two companies is expected to reach €22.5 million in 2024, with an EBITDA exceeding €3 million
The acquired companies hold IFS Food certification, a standard that covers best practices related to processes and products, including hygiene, handling, and risk management. Balio Capital considers this foundation of quality and food safety as one of the pillars of the new group.
Team continuity and growth plan
The operation includes both the investors and the management teams of the two companies, who have reinvested in the project. Balio Capital now plans a phase focused on growth and operational improvement, aiming to enhance competitiveness through synergies derived from the increased scale of the group.
The acquisition involved, alongside the Balio Capital promoter team, Kereon Partners, Kaizaharra Corporación Empresarial, Holfisa Grupo Empresarial, and Dularra Inversiones.
Balio Capital was advised by PKF Attest for due diligence and Deloitte Legal as legal counsel. CaixaBank acted as the financing bank. On the seller side, Adobos Caysan was advised by CaixaBank’s M&A team and Evergreen Legal, while Embutidos La Granja was advised by AJJA Advisers and Club Legal.
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