Corpfin backs Spanish gloves manufacturer Sanicen

Unquote understands that the GP deployed capital from Corpfin Capital Fund IV, which closed on €255m in April 2015. In addition, a debt package was provided by BBVA and Bankia to support the transaction.

The GP intends to accelerate the company's organic growth and expansion both in Spain and internationally. In addition, Corpfin plans to strengthen the company's market position via the acquisition of other businesses operating in complementary sectors.

Company
Founded in 1982 and based in Huecas, near Toledo, Sanicen produces  and distributes disposable, reusable and protective gloves for the industrial, healthcare and food sectors. It employs 70 staff, generates revenues of €30m and sells its products in 25 countries worldwide.

People
Corpfin Capital – Álvaro Olivares, Alberto Curto, Fernando Trueba, Gorka García (partners). 
Sanicen – Carlos Tenorio Hernández (CEO).

Advisers
Equity – Aiga Advisory (corporate finance); Garrigues y Cuatrecasas (legal); KPMG (financial due diligence).

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