Suma Capital backs Turris

Suma bought the shares previously owned by Ferine SL, a real estate company based in Barcelona. 

The company will still be led by CEOs Xavier Barriga and Manel Sellares, who have managed Turris since 2010, while Suma will appoint two new board members.

A spokesperson for Suma disclosed that the fund used for the transaction invests €5-15m in Catalonian SMEs with a turnover of €10-100m and an EBITDA of at least €2m. This fund had a target size of €100m when launched in 2013, according to unquote" data. 

Turris aims to double the size of its network within the next four years and to remain located in Catalonia.

Company
Founded in 2008, Turris specialises in the production and sale of artisan bread made from natural yeast dough. It owns 12 outlets, all located in and around Barcelona, and employs 120 workers. The company claims a 20% growth over the previous year, with turnover since the start of 2017 nearing €10m.

People
Turris – Albert Davins Enrich (owner); Xavier Barriga, Manel Sellares (CEOs).

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

• Topics
• Expansion
• Southern Europe
• Consumer
• Spain