Alantra backs Surexport

Following the deal, the company's founding family will continue to lead Surexport's daily operations and business plan.

The GP invested in the company via Alantra Private Equity Fund III, which held a final close on €450m in February 2017 and is around 50% deployed.

Alantra intends to boost Surexport's organic growth while exploring add-on opportunities with the aim of building a consolidation platform in the berry production segment.

Company
Established in 1994 and based in Huelva, Surexport is a producer of strawberries, blueberries, raspberries and blackberries.

The company has production facilities located in Spain, Portugal and Morocco, and sells its products across Europe, primarily in Spain, the UK, Germany, Benelux and the CEE region.

Surexport generates annual revenues of around €190m, of which 80% comes from outside Spain.

People
Alantra Private Equity – Bruno Delgado (partner).
Surexport – Andrés Morales (CEO).

Advisers
Equity – Houlihan Lokey (corporate finance); Hogan Lovells (legal); Bain & Company (commercial due diligence); KPMG (financial due diligence); ERM (ESG due diligence).
Company – Leal & Martín Economistas (legal); Anaford Abogados (legal).

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