19/07/2010
Press Release
MCH PRIVATE EQUITY ENTRY IN CONSERVAS GARAVILLA´S CAPITAL.
Conservas Garavilla and MCH Private Equity, VC/PE fund, have formalised an investment agreement by which the latter will control a significant stake in the capital of the company of Conservas Garavilla.
MCH Private Equity has received financial advice from AZ Capital and the support by Deloitte, ERM, Willis and Astilleros de Murueta in the 'due diligence' process. Uría Menendez, Attest and Araoz y Rueda firms played the rol of legal and fiscal advice.
This transaction strengthens the recent history of Garavilla Group and represents an important impetus for the development of the Strategic Plan 2010-2015 whose main objectives are the renewal of the preserved market through its Isabel brand product´s innovation and enhance the international expansion, including possible acquisitions.
Moreover, the new plan also includes strengthening the Isabel project in both South American markets and in the Maghreb and countries of Eastern Europe, where the brand enjoys a prestigious. Garavilla currently has four production plants located in Mundaka (Bizkaia), El Grove (Pontevedra, Spain), Agadir (Morocco) and Manta (Ecuador). The entry into the capital of Garavilla was achieved through the newly established MCH Iberican Capital Fund III, worth over €250 million for investments in reference Spanish companies in their sector.