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ESPIGA CAPITAL SELLS INDUSTRIAL VETERINARIA TO GERMAN GROUP ANIMEDICA.
The private equity firm Espiga Capital and other shareholders have sold to German group Animedica the total shares of Industrial Veterinaria S.A. ("Invesa"). The deal, whose amount was not disclosed, has effect from 11 July 2012.
The new company will have a strong focus on production animals products and in certain markets will boost the support of veterinary with products for pets and horses.
Espiga Capital is a private equity firm that invests in small and medium companies with a history proven performance and a growth plan defined. Espiga manages funds totalling approximately €150 million and since its inception has invested in 18 companies and divested in 12.
Animedica Group is a German company with strong presence in the country and sales throughout Europe, Middle East and North Africa, through subsidiaries and distribution partners. The group employs around 170 people and in recent years has undertaken a fast expansion process through the registration of several generic products in European Union markets.
Invesa, headquartered in Barcelona, employs approximately to 200 people and sells products in over 80 countries through subsidiaries and export partners. The company has experienced a strong growth in recent years, especially based on a focus on foreign markets and, especially outside Europe.
DC Advisory (financial) and Ashurst (legal) firms advised to vendor and Deloitte (financial and tax due diligence) and Skadden and Uría Menéndez (legal) to purchaser.