Sherpa Capital has reached an agreement to take a majority stake in Koxka, according to the newspaper Expansión. The company, located in Pamplona, is dedicated to the manufacture of remote and autonomous refrigeration units, condensers, evaporators and heat exchangers. With this wide range of products, it is highly qualified to offer both turnkey projects and competent service, a complete range of spare parts, as well as retrofit and restyling services.
The transaction - still to be formalised according to today's edition of Expansión - is structured through a combination of a capital increase and the purchase and sale of shares by some of the current shareholders. Among the shareholders who will remain in the company's capital are Sepi, which holds 26.59% through Sepides since its entry in 2021, and Ignacio Razquin, a member of the founding family, who will have a minority position, always according to what Expansion has published.
With a turnover of close to 45 million euros and a strong presence in international markets such as the United Kingdom, Northern Europe and Latin America, Koxka sells around 6,000 refrigerated furniture units every year. Its clients include large chains such as Walmart, Tesco, Morrisons, Auchan, Carrefour, El Corte Inglés, E. Leclerc, Lidl, Aldi and Mercadona.
Sherpa Capital's objective would be to double the size of the company in the next three to four years, combining organic growth with international expansion. In addition, the fund's entry will help strengthen Koxka's investment capacity and accelerate the development of new technologies.
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