Black Toro acquires majority stake in Amichi

The GP acquired its stake from the founding family, which will continue to be involved in the business, according to a statement. The deal follows the completion of the company's restructuring and reorganisation process.

Following the acquisition, the business will follow a new business plan, which aims to consolidate the national store network with 30 new shops and support the company's international expansion, across Europe and South America.

In February 2017, Black Toro held a final close for its second fund on €235m, having launched the vehicle in late 2015. BTC Fund II targets mid-sized Spanish companies with the opportunity to expand internationally. The sector-agnostic fund deploys an average of €20-50m and the investment period will span three years, with the fund being already deployed at around 78% as of April this year.

Company
Established in 1985, Amichi designs, manufactures and sells clothing and accessories, mainly for women. The company is based in Madrid and currently manages 160 shops and outlets across Spain. It also manages nine outlets across Portugal, Guatemala, Nicaragua and Latvia.

People
Black Toro Capital – Ramon Bertolaza (managing partner); Ignacio Foncillas (partner).
Amichi – Juan Carlos Amich (founder).

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• Topics
• Buyouts
• Consumer
• Southern Europe
• Spain