Spanish GP Magnum Capital has acquired a majority stake in Iberchem, a Spanish fragrances producer, from Capital Alianza.
The company's management team has upped its stake in the firm as part of the transaction. The investor made an offer of around €80m, equating to 8x EBITDA. The company was sold through an auction...
GPs will support the group's expansion and focus on digitalisation
Fresh capital will be used to improve the platform's technology and expand the company's trader network
Exiting investors reap a 1.7x multiple and 20.5% IRR following the sale
EBRD and Global Finance exit the business after investing €23.5m in 2011