Nazca buys 75% stake in Caiba

According to a statement, Nazca acquired a 75% stake in the business from the founding Baños family via its Fondo Nazca III vehicle.

The company aims to use the capital injection to expand across the Spanish market through new market segments as well as launch products using new materials. Moreover, the GP will consider strategic acquisitions to boost the company's expansion.

Company
Headquartered in Valencia and founded in 1955, Caiba produces plastic packaging focusing on the food, drinks and personal care sectors.

The business employs 150 people and has a presence in Valencia and Jaén. According to press reports, the company posted €70m in revenues and €10m of EBITDA in 2015.

People
Nazca Capital – Carlos Carbo (managing partner).

Advisers
Equity – Oquendo Corporate (corporate finance); Uria y Menendez (legal); PwC (financial due diligence).
Vendor – BDO (corporate finance); Grant Thornton (tax).

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• Topics
• Buyouts
• Industrials
• Southern Europe
• Spain