Miura acquires Cutting's, merges it with Guzmán

The process will create a Barcelona-based group that will operate nationwide from distribution centres in Barcelona, Madrid, Alicante, Sevilla, Ibiza and La Rioja.

Both companies will continue to operate under their existing brand names upon completion of the merger.

Miura acquired a 65% stake in Guzmán from Nazca Capital in May 2011, with capital drawn from its €100m first fund. The secondary buyout gave the business an enterprise value of almost €25m.

Company
Founded in 1939, Barcelona-based Cutting's delivers fruit and vegetables to restaurant chains, hotels and catering groups. It generated a turnover of €28m in 2014.

The combined business anticipates revenues of around €70m in 2015.

People
Luis Seguí, founding partner at Miura, will take on the role of chairman of the new group. Guzmán CEO Jordi Franch will be CEO of the group.

Advisers
Equity – Baker & McKenzie (Legal); Clearwater International (Corporate finance); ILV Silver (Corporate finance).
Company – Amat & Vidal Quadras (Legal).

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

• Topics
• Southern Europe
• Consumer
• Buyouts
• Spain
• Miura Private Equity