Nazca Capital buys Laboratorios Almond

The GP invested in the company via its €275m fund Nazca IV. The vehicle has recently made its first exit by selling Moldcom Composites (McBath) to Engineered Stone Group (ES Group), a portfolio company of Cranemere.

Nazca intends to support Laboratorios Almond in consolidating its market position and further boosting its expansion across Spain and the rest of Europe.

Following the deal, Laboratorios Almond founder and CEO Francisco Lajarín Barquero will stay on with the business and retain a stake in the company.

Company
Established in 1995 and based in Librilla, Laboratorios Almond produces organic and vegan food and drinks.

Its products, which include vegetable-based beverages and desserts, yoghurt, sweeteners, oils and seeds, are marketed under the brand name Naturgreen.

The company expects to generate revenues of €47m in 2020.

People
Laboratorios Almond – Francisco Lajarín Barquero (founder, CEO).
Nazca Capital – Álvaro Mariategui (co-founder, co-CEO).

Advisers
Equity – Socios Financieros (corporate finance); KPMG (financial due diligence); Uría Menéndez (legal).
Company – Garrigues (legal).

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