Nazca backs Moldcom's MBO

Nazca fully acquired the target company alongside the management team from Valencia-based family office Grupo Zriser, which sold its 51% stake. Following the acquisition, the business aims to expand its product offering and pursue several bolt-on acquisitions to expand internationally.

The deal marks the first investment for the GP's fourth fund Nazca IV, launched in May 2016. Following a €250m first close reached in October 2016, the GP held a final close on the fund's €275m hard-cap in December.

Company
Founded in 2006, Moldcom produces cast marble bathroom equipment, including shower trays and washbasins, and operates both under its own MCBath brand and for third parties. The business claims to export 80% of its production, with France and Italy representing its main markets.

Headquartered in Ribarroja, near Valencia, the company has 120 employees and tripled its revenues in the last three years, posting a €20m turnover in 2016, according to a statement.

People
Nazca Capital – Carlos Carbó (CEO).
Moldcom Composites – Ricardo Murria (founder); Javier Andrés (managing director).

Advisers
Equity – EY (financial, commercial & other due diligence, legal); Cuatrecasas (tax).
Vendors – Livingstone Partners (corporate finance); Garrigues (legal).

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• Topics
• Buyouts
• Consumer
• Southern Europe
• Spain