Nazca acquires majority stake in El Granero Integral

Under Nazca's leadership, the business will seek to double its sales over a four-year period by investing in bolt-on acquisitions and the development of new products.

Capital for the transaction was drawn from Fund Nazca III, which held a final close on €190m in May 2010. In March 2015, Nazca acquired Europastry's bakery business and restaurant chain Taberna del Volapié through the same vehicle. The GP is currently in the process of merging the two businesses to form the Foodbox brand.

Company
Founded in 1982 and headquartered in Seseña, near Toledo, El Granero Integral provides dry and fresh food, as well as dietary supplements. The business employs around 100 people and generated a turnover of €23m in 2014, up 15% year-on-year.

People
Sara Muñoz, whose family founded the business, is managing director of El Granero Integral.

Adviser
Equity – Roca & Junyent (Legal); KPMG (Financial due diligence).
Vendor – Grupo SCA (Legal, Corporate finance).

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Spain