Sherpa acquires 85% stake in Galloplast for €16m

As part of the all-equity deal, the company's founding families will retain a minority stake in the business.

The company intends to use the fresh capital to bolster its European expansion through bolt-on acquisitions across central and southern Europe. The GP plans to inject an additional €10m to support the expansion plan.

Company
Established in 1961, Galloplast produces masterbatches, colourant and additives for the plastics industry. The business mainly focuses on packages manufacturing for the food, cosmetics and chemicals segments.

Headquartered in Vacarisses, near Barcelona, the company has a presence in Spain, Portugal, France, Germany, the Netherlands, Hungary and Switzerland. The business employs a staff of 78 and generated a turnover of €36m in 2015.

People
Sherpa Capital – Eduardo Navarro (chair).
Galloplast – Oriol Galí (CEO).

Advisers
Equity – PwC (corporate finance); Garrigues (legal).
Vendor – Crowe Horwath (legal).

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• Topics
• Buyouts
• Industrials
• Southern Europe
• Spain