Falcon Private Holdings buys Halcón Cerámicas

Falcon is the private investment manager of the US-based family office of Jamshid Keynejad and Barry Siadat, co-founders and managing directors of private equity firm SK Capital Partners.

According to press reports, the company is valued at around €180m, which equates to 6x its predicted 2018 EBITDA of €30m.

Banco Santander and CaixaBank provided debt financing to support the transaction.

The company plans to use the fresh capital to increase its production capabilities, invest in sales and marketing, and bolster its expansion, especially into international markets.

Company
Founded in 1963 and headquartered in Castellón, Halcón Cerámicas designs, produces and distributes a portfolio of ceramic tiles for floor and wall applications. The company operates four production plants and two logistical centres in Spain, and has a presence in Europe, North America and the Middle East. It generated revenues of €150m in 2017.

People
Falcon Private Holdings – Francois Brendel (principal); Philip Marxen (managing director).
Halcón Cerámicas – Saturnino Montalbo (executive director); Guillermo Vicent (executive director).

Equity
Acquirer – Fidentiis (M&A); Cuatrecasas (legal); Deloitte (tax).

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• Buyouts
• Southern Europe
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