Corpfin invests in Spain's Arenal

As part of the deal, the Spanish retailer will enhance its logistics facility in Lugo with a new automation system. The expansion plan has a four-year lifespan and will entail opening 25 new stores in the country by 2020.

According to a statement, Arenal aims to double its turnover by the end of the expansion period. The capital invested by Corpfin will help the company launch the new website in the next few months and expand the business on the online market.

Corpfin Capital Fund IV provided the equity needed for the deal. The vehicle, which targeted €200m, reached its final closing in April 2015 on €255m and has closed five transactions to date.

Company
Headquartered in Lugo, Arenal is a Spanish retail chain operating in the personal care and beauty sector.

People
Corpfin – Carlos Lavilla (managing partner).
Arenal – Rafael Vázquez Reija (chair).

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• Topics
• Expansion
• Consumer
• Southern Europe
• Spain
• Corpfin Capital