
Nazca Capital buys Laboratorios Almond
Nazca Capital has acquired a majority stake in Laboratorios Almond, a producer of organic food.
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).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds