HIG acquires Spanish gin distillery Puerto de Indias in MBO

With the fresh capital, the company intends to bolster its growth and expand internationally, developing a commercial network in Europe, the US and Latin America, and building strategic alliances with international distributors.

Following the deal, Puerto de Indias co-founders Jose Antonio and Francisco Rodriguez Fernandez will stay on with the company and retain a minority stake.

HIG is deploying capital from its European Capital Partners II fund, closed in July 2013 on €825m, above its initial target. The fund invests in lower-mid-market companies and non-core subsidiaries of larger groups primarily in western Europe.

European Capital Partners II is larger than the firm's predecessor fund, launched in 2007, which closed on its hard-cap of €600m, exceeding the original target of €500m.

Company
Founded in 2013 and headquartered in Carmona, near Seville, Puerto de Indias specialises in the production of rosé gin, operating one of the oldest distilleries in the province of Andalusia.

People 
HIG Capital – Leopoldo Reaño (executive).
Puerto de Indias – Jose Antonio, Francisco Rodriguez Fernandez (co-founders).

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• Topics
• Buyouts
• Southern Europe
• Consumer
• Spain
• HIG Capital