Miura buys Equipe Cerámicas

Unquote understands that a debt package to finance the transaction was provided by Banco Santander with the participation of CaixaBank and Banca March.

According to a statement, the current minority shareholders, the Vila family, will continue to lead the management team in this new phase of expansion.

The company plans to boost its growth both organically and through selective acquisitions, and expects to double its production in the coming years.

To finance the acquisition, the GP deployed capital from its Miura Fund II, which held a final close on its €200m hard-cap in September 2014 and is now mostly deployed. Miura has recently held a final close for its third fund on its €330m hard-cap.

Company
Founded in 1999 and based in Figueroles, in the province of Castellón, Equipe Cerámicas specialises in the production of small-sized ceramic tiles. The company exports 90% of its products to 80 countries worldwide, including France, Germany, Italy, the UK and the US through a network of local distributors and stores. Equipe Cerámicas has doubled its sales in the last two years, reaching €30m in 2017.

People
Equipe Cerámicas – Rogelio Vila (founder, president).
Miura Private Equity – Jordi Alegre (partner).

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• Topics
• Buyouts
• Southern Europe
• Industrials
• Miura Private Equity
• Spain