Alantra acquires Hiperbaric

Alessia Argentieri
10 April 2018

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Alantra Private Equity has bought a majority stake in Spanish high-pressure processing equipment specialist Hyperbaric for an undisclosed amount.

Alantra bought its stake from Inmobiopres, the holding of the company's founders, the Nicolás–Correa family, who owned a 90% stake in the business. The remaining 10% was owned by general manager Andres Hernando, who has fully reinvested his stake in the business and will keep his executive role to lead the management team and ensure continuity of the business strategy.

The GP deployed capital from Alantra Private Equity Fund III to support the acquisition. The vehicle, which was launched in July 2015 and held a final close on its £450m hard-cap in February 2017, mainly targets companies with annual EBITDA of up to €40m and EV of €80-300m.

Company
Founded in 1999 and headquartered in Burgos, Hiperbaric is an engineering company that specialises in high-pressure processing equipment for the food industry. The company generates 98% of its sales from international markets, and has a presence in 30 countries worldwide, with two commercial branches outside Europe, in the US and New Zealand.

The transaction also includes the acquisition of Demasa's Hiperbaric business. Founded in 2004 and also headquartered in Burgos, Desmasa specialises in the design, manufacturing, installation and maintenance of industrial machinery and equipment. The combined businesses employ 130 staff.

People
Hiperbaric – Andres Hernando (general manager).

Advisers:
Equity – Ashurst (legal); Deloitte (tax); Accenture (commercial due diligence); Marsh (insurance due diligence).
Company – Arcano Partners (corporate finance); King & Wood Mallesons (legal); EY (financial due diligence, legal, tax).