Nazca Capital exits Eurekakids

Hape acquired a 40% stake and Beleduc a 20% stake, while the company's founders, CEO Erik Mayol and his wife Marta Roge, bought the remaining 12.7%, increasing their holding to 40%, Unquote understands.

Nazca acquired its majority stake in Eurekakids in 2011, deploying capital from Nazca III, a €230m fund launched in 2010. In 2016, Nazca launched a new vehicle, Nazca IV, which held a final close on its hard-cap of €275m in December 2016.

During Nazca's holding period, Eurekakids has grown from a family business to an international company, increased the number of its stores from 80 to 180, expanded its international presence from three to 13 countries and saw its branded products grow from 25% to 60% of its total sales.

Company
Founded in 2002 and based in Gerona, Eurekakids specialises in producing and distributing educational toys, with a total of 180 stores in 13 countries worldwide. The company employs 120 staff and in 2017 generated sales of €40m.

People
Nazca Capital – Carlos Carbó (founding partner).
Eurekakids – Erik Mayol (CEO).
Hape – Peter Handstein (CEO).
Beleduc – Sabine Handstein (CEO).

Advisers
Equity – Socios Financieros (corporate finance); DLA Piper (legal).

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• Topics
• Exits
• Southern Europe
• Consumer
• Spain
• Trade sale
• DLA Piper