MCH and Explorer sell Nutricafés for €74.5m

The company was in the portfolio of the MCH Iberian Capital Fund II and Fund Explorer I vehicles.

Massimo Zanetti Beverage already operates in Portugal through its brand Segafredo Zanetti Portugal. As part of the deal, the buyer will refinance the company's debt burden, which was provided by Caixanova during the first buyout.

According to press reports, Nutricafés is the third largest coffee producer and distributor in Portugal with 9% of the national market share and 22% of market share in Lisbon.

Previous funding
In April 2016, MCH and Explorer acquired a majority stake in the company from Caixa Geral de Depósitos and Sumolis, which had acquired Nutricafés in November 2005.

Company
Headquartered in Lisbon, Nutricafés produces and distributes coffee across the Iberian market. The business manages one roasting plant in Portugal and operates through two main brands: Nicola Cafés and Chave d'Ouro.

The company posted a turnover of €34.1m with an €8.7m EBITDA in 2015, and employs 182 people.

People
Explorer Investments – Marco Lebre, Rodrigo Guimarães (founding partners).
MCH Private Equity – Andrés Peláez, Ramon Nuñez (senior partners).
Nutricafés – João Dotti (CEO).

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• Topics
• Exits
• Consumer
• Southern Europe
• Portugal
• MCH Private Equity
• Explorer Investments
• Trade sale