Nexxus Iberia, a Spanish private equity firm, has closed the acquisition of a majority stake in Creaciones Marsanz, a Madrid-based company specializing in the manufacture and marketing of commercial equipment for retailers. The family-owned company, founded in 1965 by the Martínez and Sanz families, manufactures a wide range of products including shopping carts, handling and logistics equipment, commercial shelving, entrance and exit devices, and checkout counters for major national and international retailers in its over 50,000 m2 of facilities. The company, which had a turnover of 33 million euros last year, markets its products mainly in Spain, but with a growing international presence, especially in Europe.
In this new stage, the company based in Torrejón (Madrid) will boost its growth through internationalization, the reinforcement of its human team -by the end of 2023 it had 179 employees- and innovation through the launch of new products.
Juan Pedro Dávila, partner of Nexxus Iberia, comments that "we are motivated by the growth potential of Creaciones Marsanz. They have developed a solid business model based on the quality of their product and the service they provide to customers, with a history of over 50 years of success to back it up. We believe in the quality of the company's human group and in the potential to turn this company into a leader within the commercial equipment segment."
María Teresa Ballester, founding partner of Nexxus Iberia, comments that "this operation fits with our investment policy in companies operating in a market with solid trends and with ample possibilities for innovation. In Marsanz we see a great opportunity to apply our main pillars of value creation such as internationalization, professionalization and innovation, always maintaining the sustainability angle."
With this transaction, Nexxus Iberia makes the first investment in its recently launched second fund Nexxus Private Equity Fund II, which has total commitments of 241 million euros. For Nexxus Iberia this is the thirteenth investment, having made the previous ones through its first fund Nexxus Private Equity Fund I and OFG Continuation Fund, a continuation fund of the company OFG. Creaciones Marsanz joins the portfolio of Nexxus Iberia's investee companies, which includes companies such as Mirplay, OFG, Solutex and La Margarita.
Nexxus was advised on the transaction by Pinsent Masons (legal), EY (commercial, financial, tax and ESG due diligence) and Aon (Insurance), while Garrido (Legal) and Alanza DTE (M&A) advised Creaciones Marsanz.
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 33 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).
Currently, Nexxus Iberia has commitments of 241 million euros in its second fund, which had its final closing in the first half of 2024. In addition, the company has its first fund, which is fully invested, and OFG Continuation Fund, a continuation fund of the company OFG. Since its inception, Nexxus Iberia has partnered with 13 companies in various sectors, both in Spain and Portugal, having already completed 5 investment cycles with the divestment of 5 portfolio companies.
Nexxus Iberia's vision is to be the benchmark partner for Iberian SME entrepreneurs seeking a partner to support them in the international growth of their companies.
For more information about Nexxus Iberia, visit www.nexxus-iberia.com, or contact: info@nexxus-iberia.com
Tel: +34 91 599 0385
Photo: Partners at Nexxus Iberia
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