Sherpa sells Macrolibros to Gold Tower's Graficas Ceyde

The deal gives the company an enterprise value of around €15m, a source close to the situation told Unquote.

With this acquisition, Graficas Ceyde expects to enlarge its offering and boost its expansion into new business verticals, while broadening its customer base and increasing its revenues.

The company also plans to identify other attractive opportunities and continue to pursue a buy-and-build strategy in the coming months.

Sherpa carved out Dedalo Grupo Grafico, the commercial printing division of Dedalo in June 2012. Dedalo was owned by Spanish private equity house Ibersuizas and media conglomerate Grupo Prisa.

Dedalo Grupo Grafico was composed of Dedalo Heliocolor, Gráficas Integradas and Macrolibros. When Sherpa bought it, the business was reporting some losses and in 2015 went through a difficult time, following a fire in one of its production plants.

Under the GP's ownership, the company consolidated its market position and increased its fleet of machinery and production capabilities.

Company
Founded in 1973 and based in Valladolid, Macrolibros is a commercial printing company specialised in education and children's books.

Macrolibros manufactures and delivers 21 million books, magazines and catalogs per year, serving more than 100 clients.

The company has a client base composed of Spanish and international businesses and generates more than 70% of its annual revenues outside Spain. It generates EBITDA of around €2m from revenues of €20m.

People
Sherpa Capital – Jorge Fernández (partner).
Graficas Ceyde – Manuel Torres (partner).

Advisers
Vendor – Baker Tilly (corporate finance); DLA (legal).
Acquirer – Mavens (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Southern Europe
• Industrials
• Spain
• Baker Tilly
• DLA Piper