Atitlan sells Verdifresh stake

Previous funding
Investing via its Atitlan Alpha fund, Atitlan acquired its 50% stake in Verdifresh from several shareholders linked to the Martinavarro citrus exporter in late 2008.

Atitlan claims to have achieved the objectives of its investment, while the company itself now possesses a 50% share of the salad and vegetable market.

Company
Valencia-based Verdifresh specialises in the production of ready-to-eat fresh-cut salads and vegetables. It was founded in 2000 and employs more than 450 people.

The company generated a turnover of €74.8m in 2010, which represents an 8% increase on the previous year. Sales forecasts for 2011 are at €80m.

People
Jaime Esteban is a director at Atitlan Capital. Joaquín Ballester Martinavarro is the managing director of Verdifresh.

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