MCH invests in fish distributor Brasmar

MCH bought a minority stake in the business from parent company Grupo Metalcon. As part of the deal, Metalcon remains a controlling shareholder in the company.

Details of the transaction have not been disclosed, but the deal marks the second transaction since the GP launched fundraising for its fourth fund, MCH Iberian Capital Fund IV, in 2015.

The vehicle has a €260m target. The fund acquired a 35% stake in Spanish textile producer Jeanologia for €10m in February 2016.

Company
Established in 2003, Brasmar is based near Porto, Portugal. The company specialises in processing and selling frozen fish and seafood across Europe, Africa and North America.

The business has a presence in 18 countries and generated a turnover of €75m in 2014.

People
MCH – Jaime Hernández Soto, José María Muñoz (founding partners).

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• Topics
• Expansion
• Consumer
• Southern Europe
• Portugal
• MCH Private Equity