H.I.G Capital and Mercapital back Núter in new deal

The terms of the deal, which was completed alongside industrial co-investor Grupo Leche Pascual, have not been disclosed. 

Núter, formally known as Saprogal, was originally acquired by Carlye Group in the first half of 2004.  It was then snapped up in a secondary buyout by a group of investors led by Mercapital the following year, but did not evolve into its current form until 2007, when it merged with rival firm Piensos Pascual and was re-branded Núter.  

The new equity investment by existing investors and the new incoming entity H.I.G. is aimed at bolstering the company's balance sheet to help future growth. 

Núter is one of the leading producers of animal feed in the Iberian market, producing over 1m tonnes annually from its 11 plants in the region.  The company employs over 500 staff.The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Julian Longhurst on +44 20 7004 7449 or julian.longhurst@incisivemedia.com

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