SPAIN - SES Iberia acquires majority stake in Salgar

The deal consisted of an EUR 11.5m equity investment by the financial sponsors, with an additional EUR 10.8m contributed by the management team, Essi Investimentos and an individual investor. The remainder of the value was provided in the form of debt.

Saragossa-based Salgar specialises in the production, distribution and retail of bathroom furniture and accessories and commands a 23% market share. In 2007 it reported revenues of over EUR 61m euros, of which 16.5% was from exports.

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• Topics
• Buyouts
• Southern Europe
• Consumer