Nexxus Iberia, a Spanish Private Equity firm, has closed the acquisition of a majority stake in Diego Pérez Riquelme e Hijos (better known for its commercial brand La Margarita), a Murcian company operating in the spice and condiment space. Founded in 1985 by Diego Pérez Riquelme, and currently led by his three sons, the family-owned business manufactures and processes spice and condiments from its 14.000 sqm facilities in Albanilla (Murcia), routinely working with leading companies in the food sector. The company primarily provides its products and services in Europe, enjoying a strong market presence in the local Spanish market and in French-speaking countries.
In this next stage, the company will boost its growth through internationalisation mainly in other European markets and with the development of new products and services.
Alejandro Diazayas, Partner at Nexxus Iberia, stated “We are delighted to work with the team of Diego Pérez Riquelme e Hijos in the next stage of growth of the company. Throughout the years, they have developed a solid business model based on operational excellence, closeness to their customers, outstanding quality of both their products and the team. The transaction is very much in line with our investment strategy, positioning ourselves in a segment in which we see significant opportunity for growth, and staying true to our policy of investing in innovative companies with sustainable policies, with the potential to expand through internationalisation and the development of new products and services”.
Whith this transaction, the twelfth by Nexxus Iberia Private Equity Fund I, Diego Pérez Riquelme e Hijos becomes the latest addition to Nexxus Iberia’s portfolio companies, joining other firms such as Mirplay, Chef Sam, Solutex and, STM Seguridad.
The company's management team and shareholders, Diego, Javier, and José Macario Pérez Carmona, deemed the transaction as “An important step for the company. We are proud of where we have led the company in recent years, and believe that at this stage, incorporating Nexxus Iberia into the fold, with whom we have been working in unison for the past months, was an invaluable opportunity. This partnership will accelerate the internationalisation, professionalisation, and product development which will foster the company’s growth, whilst maintaining the values and client focus which have led the company to its current success. We are convinced of the enormous potential that this partnership offers”.
Nexxus was advised by V4 Financial Partners (M&A), Pinsent Masons (legal) EY (Financial and ESG Due Diligence), LEK (Commercial Due Diligence) y Aon (Insurance), whilst Grant Thornton (M&A) and Garrigues (Legal) advised Diego Pérez Riquelme e Hijos.
About Nexxus Iberia
Nexxus Iberia is a private equity fund manager founded in 2016 to support Spanish and Portuguese small to midsized companies to accelerate growth and expand internationally in Europe, LatAm and the USA. The team is led by ex-3i partners and Nexxus Capital’s partners who have over 20 years’ experience in the private equity industry in Spain, Portugal, and Mexico. The team has completed 32 investments and has fully divested from 22 portfolio companies in the Spanish and Portuguese midmarket.
Nexxus Iberia is the result of a partnership with Nexxus Capital, Mexico's leading alternative asset manager. Nexxus Capital has more than 25 years of experience investing in medium and large companies to take them to the next level.
Through eight funds that include growth capital, venture capital and private debt, Nexxus Capital has raised more than USD 1.6 billion, supporting more than 60 companies in Mexico, the United States and the Iberian Peninsula through Nexxus Iberia. Nexxus Capital is the only manager in Latin America to carry out seven Initial Public Offerings in public markets (IPOs).
Today, Nexxus Iberia has commitments of 170 million euros. Since the inception of Nexxus Iberia Private Equity Fund, Nexxus Iberia has partnered with 12 companies in various sectors, both in Spain and Portugal. In addition, it has completed 4 investment cycles with the divestment of 4 portfolio companies: Maresa, Bienzobas, Dorsia and Mercurius. Currently, Nexxus Iberia is in the process of raising its second fund.
The vision of Nexxus Iberia is to be the reference partner for SMEs businessmen in the Iberian market who are looking for a partner who can support them in the international growth of their companies.
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