Sherpa backs Omega Spice
Spanish mid-market GP Sherpa Capital has acquired a majority stake in spice producer Omega Spice via a capital increase.
The company's founder and CEO, José García, retained the minority holding in the business.
Sherpa is currently investing via its third fund, which closed on €150m in May 2018, exceeding its €125m target. The vehicle invests in small and medium-sized Spanish and Portuguese companies with EBITDA of €1-5m, and deploys equity tickets in the €5-25m range.
Company
Founded in 1998 and headquartered in Archena, Omega Spice produces spices, dehydrated vegetables and dried herbs for the food industry. The company exports around 95% of its production, primarily to Latin America, and counts several large international food companies among its clients.
People
Omega Spice – José García (CEO).
Sherpa Capital – Jorge Fernández Miret (partner).
Advisers
Equity – Gómez-Acebo & Pombo (legal).
Company – EY (corporate finance); Garrigues (legal).
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