Miura buys 25% stake in Spanish fruit exporter Martinavarro

As part of the deal, Miura acquired its stake in the Spanish company from the founding families Martinavarro, Dealbert and Ballester. The transaction did not include any capital increase for the business, according to local press reports.

Following the same reports, several international investors acquired a minority stake in the business alongside the GP, while founding families and the management team will maintain a controlling stake in the business.

The company aims to boost its distribution process and expand its business geographically, notably through into new markets through strategic acquisitions.

Company
Established in 1946, Martinavarro produces and distributes citrus fruits and vegetables. According to a statement, the business exports 400 million kilograms of citrus fruits each year and counts UK supermarkets Mark & Spencer, Tesco and Sainsbury's in its client base.

Headquartered in Almazora, the company has four plantations across Spain with 1,000 hectares under management. In 2015, it generated a turnover of €260m.

People
Miura Private Equity – Lluis Seguí, Juan Leach (co-founders, managing partners).

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• Topics
• Expansion
• Consumer
• Southern Europe
• Spain
• Miura Private Equity