Corpfin buys Grupo Barna
Corpfin Capital has bought a majority stake in Grupo Barna, the Spain-based producer of fish flour, oils and other derivatives.
The GP has used its Corpfin Capital Fund IV for the transaction, which typically completes buyout and growth-capital transactions in Spanish companies with EBITDA of more than €5m and an enterprise value of €25-200m. The firm provides tickets in the €5-50m range.
The buyout has also provided capital for Grupo Barna to acquire 100% of a fish protein hydrolysate plant in Andalusia.
Company
Founded in 1959 and based in Mundaka, Grupo Barna sells fishmeal and fish oils, for animal feed purposes (predominantly aquaculture and pet food) as well as human consumption products including proteins, and omega 3.
Grupo Barna operates production plants in Mundaka and Santoña, and will open an additional one in Senegal.
People
Corpfin Capital – Carlos La Villa (chairperson).
Advisers
Equity – Clearwater International Spain, Francisco Gómez, Director Vicente Orts (corporate finance).
Company – Norgestion (corporate finance).
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