Suma Capital buys 20% stake in Alucan

As part of the deal, the target company will use the fresh capital to finance the opening of a production facility in Llinars del Vallés, alongside its current headquarters in Badalona.

The GP acquired a 20% stake in the business through its Suma Capital Growth Fund I, while the company's CEO, Jordy Espada, and strategy and development director Elisenda Miravitles will retain the remaining 80% stake and continue to lead the business.

Company
Established in 1974 and headquartered in Badalona, Alucan produces aluminium packaging including bottles for the food and beverage, cosmetics and pharmaceutical sectors.

According to press reports, the business generates 90% of its revenues abroad.

People
Suma Capital – Enrique Tombas (CEO).
Alucan – Jordi Espada (CEO).

Advisers
Equity – Grant Thornton (corporate finance).

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• Topics
• Expansion
• Industrials
• Southern Europe
• Spain
• Suma Capital