Meridia buys Sosa Ingredients in maiden PE deal

The deal was sourced on a proprietary basis by Meridia's team, the firm stated. The investor did not specify how it foresees growing the company, saying it plans to further enhance top-line growth and improve margins. Meridia did not leverage the acquisition.

The GP deployed between €15-25m of equity for the buyout, which it said will be its typical equity ticket.

Meridia launched its first fund in March this year, targeting a €125m final close. The vehicle secured an investment of €20m from Fondo ICO. The investor raised three real estate vehicles in the past. 

Company
Founded in 1967 and headquartered in Moià, Sosa Ingredients develops and manufactures technical food ingredients for gastronomy and pastry applications. It currently has 150 employees and it exports its products to 50 countries. The business had a turnover of €21m in 2015.

People
Meridia Capital - David Torralba (managing director).
Sosa Ingerdients - Quico Sosa (CEO).

Advisers
Equity - PwC (financial due diligence); Latham & Watkins (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Southern Europe
• Consumer
• Spain