Aurica Capital has invested a minority stake of 49% in Agrosol – Export, S.L., leader in the agro-industrial sector, with the aim to support their growth developing 90 new hectares.
Located in Roquetas de Mar (Almería), in the South of Spain, and founded by the Amat, Iglesias and Romero families, produces and commercializes vegetable products, basically peppers, cucumbers, and tomatoes, through a formula program based on agreed volumes and prices with the client.
Agrosol has reached in 2018 sales for 23,90 million Eur, and 3,30 million Eur EBITDA (year end in June) due to a production that exceeded 25.000 Tn,, mainly proceeding from 12 properties (93 ha). Half of the owned property area is oriented to a more efficient, and regular production thanks to hi-tech greenhouses with heating systems. Agrosol allocates a high number of hectares to organic production. The company employs an average of 243 people.
Its products are commercialized via supermarket chains such as Tesco or Waitrose. Furthermore, they count on Bakkavor and Fortuna Frutos as clients, top notch companies within the pre-prepared and pre-cooked food industry in UK.
Aurica Capital, a specialized GP in minority stakes among high growth companies, considers that the agro-industrial sector is one of the Spanish economy engines, and that Agrosol is in an excellent position to execute its ambitious growth plan. Agrosol´s deal is the fifth one for Aurica III, after Flex, Delta Tecnic, Grupo Larrumba, and Winche, and constitutes an excellent example of the financial and operative support transaction types performed by Aurica.
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- The exception in Private Equity, the case of Aurica Capital
- Aurica Capital acquires a 49% stake in Agrosol – Export