Sherpa Capital buys Bolfor

The GP also increased its stake in Polibol, its maiden investment, from 60% to 80% as part of the transaction. The merged group will exceed €40m in revenues and €5m in EBITDA.

Sherpa acquired a 60% stake in Polibol as part of a leveraged buyout in December 2010, according to unquote" data. Corporate finance adviser Improven initiated the deal on behalf of the vendor, Alberto González Campos, who acquired Polibol in a deal valued at €14m in 2006 and retained the remaining 40% of equity.

Sherpa Capital contributed less than €6m in equity to the deal from its eponymous fund, which was launched in November 2010 with a target of €30m.

Company
Based in Valdemoro, Bolfor is a flexible packaging firm that employs 43 staff. The firm has a wide range of PVC, polypropylene and polyethylene products. Its products are certified for use in food packaging.

People
Eduardo Navarro is executive chairman of Sherpa Capital.

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• Topics
• Southern Europe
• Industrials
• Expansion
• Spain
• Acquisition finance