GED acquires 90% stake in Araven

As part of the deal, Spanish alternative lender Oquendo Capital provided a blended package of equity and mezzanine to support the buyout and will take a minority stake in the business.

Financial details of the transaction remain undisclosed, though GED makes equity investments ranging between €15-25m.

Following the deal, the company will look to undertake an international expansion strategy and invest in new product development.

The transaction marks the second investment made from GED's fifth vehicle, GED V Spain, which launched in November 2015. In June 2016, the fund acquired a 71% stake in Galicia-based frozen food provider Discefa.

Company
Founded in 1976, Zaragoza-headquartered Araven produces food containers, shopping trolleys, bins and storage units for the consumer, retail and professional markets. The company has additional production facilities in Mexico and a subsidiary in the US.

According to a statement, Araven generates a turnover of €22.3m, with 72% of its sales generated from exports to 70 countries. It has a headcount of 58.

People
GED Capital – Enrique Centelles Satrústegui (managing partner).

Advisers
Equity – KPMG (financial due diligence); Gómez-Acebo & Pombo (legal); King & Wood Mallesons (legal); Garrigues (legal).

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• Topics
• Buyouts
• Southern Europe
• Industrials
• Spain