Alantra to acquire Unión Martín, also bidding for Hiperbaric

Alantra is understood to be close to signing a deal, and is deploying capital from its Alantra Private Equity Fund III, which was launched in July 2015 and held a final close on its £450m hard-cap in February 2017.

In February 2018, the vehicle invested in Portugal-based Roq alongside Magnum Capital, buying an 88% stake in the company from Explorer Investments, in a deal valued at around €150m, including an undisclosed debt package provided to support the transaction.

Based in Las Palmas de Gran Canaria, Unión Martín specialises in fishing and distributing sea products, and is the supplier of Spanish supermarket chain Mercadona.

In the coming weeks, Alantra might also close the acquisition of Hiperbaric, a Spanish manufacturer of high pressure processing equipment for the food industry, Unquote understands.

In January, Alantra submitted a bid for Hiperbaric and is waiting for a decision, while the other bidder, US-based market peer JBT, offered €135m.

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Spain
• Alantra Private Equity