Triton to buy Fertiberia Group

The transaction is subject to regulatory and other closing conditions. Terms and conditions were not disclosed.

According to Spanish daily Expansion, the sale was motivated by Grupo Villar Mir's debt reduction efforts.

Triton launched its latest flagship fund, Triton Fund V, in March 2018. The fund had a target of €4bn and held a final close in January 2019 on its hard-cap of €5bn. The fund focuses on European mid-market buyout opportunities, although it usually has a main focus on northern Europe.

Company
Grupo Villar Mir's chemical and fertilisers division is composed of the parent company Fertiberia and its retail subsidiaries in Spain, ADP Fertilizantes in Portugal, Fertial in Algeria and Fertiberia France.

The division achieved turnover of €670m in 2016. In 2017, the last year for which results are available, Fertiberia posted a consolidated turnover of €850m with EBITDA of €103m.

Fertiberia has 1,400 employees across 14 production and blending units, as well as a commercial and logistical network.

People
Fertiberia Group – Javier Goni del Cacho (chair & CEO).

Advisers
Vendor – Lazard (M&A).

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