Following the deal, Europastry expects to boost its productivity and international growth, and further expand its presence in the Portuguese market.

MCH acquired an 18% stake in Europastry in May 2011 from Vall Companys by deploying approximately €30m from its €250m Iberian Capital Fund III. The company's founders, the Gallés family, simultaneously increased its shareholding from 71% to 80%. The remaining 2% stake was retained by the company's management team.

Company
Founded in 1968 and headquartered in Trofa, near Porto, Confeitaria Torres specialises in producing frozen pastries, especially traditional local products such as the brioche croissant, the Bolo Rei and the Pão de Deus.

People
Europastry – Jordi Morral Hospital (CEO).

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• Topics
• Portfolio management
• Southern Europe
• Consumer
• MCH Private Equity
• Build-up
• Buy-and-build
• Portugal