GPF Capital buys Quimi Romar from Realza Capital

The deal was valued at around €50m, according to press reports.

GPF plans to merge the two companies and create a platform operating in the personal care and home care products sectors.

The GP deployed capital from its GPF Fund II, which held a final close on €150m in October 2017.

Realza bought a majority stake in Quimi Romar in September 2012 from the founding Martínez Panadero family, who retained a 25% stake in the business.

Under Realza's ownership, Quimi Romar invested around €15m in building new production facilities and enlarging its product offering. The company increased its revenues by 50% under the GP's tenure.

Company
Valencia-headquartered Quimi Romar and Toledo-based Envasados Xiomara specialise in manufacturing personal care and home care products, including soaps, gels, deodorants, creams, shampoos, perfumes, detergents and air fresheners.

The two companies sell their products under their own brand names to third parties, and private labels supplying large supermarket chains such as Auchan, Carrefour and Lidl. The combined group generates revenues of around €85m, of which 50% comes from outside Spain.

People
GPF Capital – Martín Rodríguez-Fraile, Ignacio Olascoaga, Lorenzo Martínez de Albornoz, Guillermo Castellanos (founding partners).

Advisers
Equity – Uría Menéndez (legal); EY (corporate finance).
Vendor – Socios Financieros (corporate finance);  Deloitte (financial due diligence); Acebo & Rubio Abogados (legal).

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• Topics
• Buyouts
• Southern Europe
• Consumer
• GPF Capital
• Realza Capital SGECR SA
• Spain
• Secondary buyout