Mercapital sells Lasem Group to management

The stake has been returned to the company's founders, who now fully own the firm.

Previous funding
Funds advised by Mercapital acquired 31.5% of Lasem through a capital injection of around €23m in 2003. This stake was increased to 41.5% in 2006.

In 2011, Lasem sold off its Industrial Química Lasem (IQL) business unit to Japanese oil manufacturer Nisshin Oillio for €26m. At the time of the partial exit, Mercapital said it would be seeking a full exit from the firm in the near future.

Company
Founded in 1980 and based in Barcelona, Lasem produces chemical additives for use in food. The company also sells frozen cakes and bread through the Atrian Bakers brand.

People
Javier Loiziga is president of Mercapital.

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

• Topics
• Southern Europe
• Industrials
• Exits
• Spain
• Mercapital