Grupo Alacant: Strategic Majority Acquisition by Investindustrial
Deal News | Jan 24, 2025 | Finance Community IT - 3 Private Equity
Investindustrial has completed the acquisition of a majority stake in Grupo Alacant, a leading independent ice cream producer in Spain focusing on private label manufacturing. The advisory role for Investindustrial was served by Banco Santander, White & Case, and KPMG, whereas Arcano and Garrigues advised the sellers. Founded in 1972, Grupo Alacant is headquartered in Alicante and operates four state-of-the-art facilities with approximately 850 employees. The company reported an estimated revenue of €225 million for 2024. The acquisition aims to bolster Grupo Alacant's productivity and enhance its internationalization strategy to establish itself as a premier independent player in the European private label ice cream sector. Andrea C. Bonomi, Chairman of the Advisory Board at Investindustrial, emphasized the synergies aligned with their food investment portfolio, while Grupo Alacant's CEO, Joaquin Lancis, expressed optimism for the collaboration enhancing their market footprint beyond Spain.
Sectors
- Food and Beverage
- Private Equity
Geography
- Spain – Grupo Alacant is headquartered in Alicante, Spain, and it is a key market for the company.
- Europe – The acquisition aims to position Grupo Alacant as a leading player in the European private label ice cream market.
Industry
- Food and Beverage – The acquisition involves Grupo Alacant, which specializes in the production of ice creams under private labels, indicating a clear classification in the Food and Beverage sector.
- Private Equity – Investindustrial's involvement in acquiring a majority stake in Grupo Alacant places this transaction within the Private Equity sector.
Financials
- €225 million – Projected revenue for Grupo Alacant in the year 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investindustrial | Buyer | Company | Private Equity firm managing the acquisition through Global Icecream Investments S. r.l. |
| Grupo Alacant | Target Company | Company | A leading independent producer of private label ice creams based in Spain. |
| Banco Santander | M&A Advisor | Company | Financial institution that acted as M&A advisor for Investindustrial. |
| White & Case | Legal Advisor | Company | The law firm that provided legal advisory services to Investindustrial. |
| KPMG | Due Diligence Advisor | Company | Provided financial, fiscal, legal, and labor due diligence for Investindustrial. |
| Arcano | M&A Advisor | Company | Advised the sellers during the transaction. |
| Garrigues | Legal Advisor | Company | Legal advisor for the sellers in the transaction. |
| Andrea C. Bonomi | Chairman of the Advisory Board | Person | Commented on the acquisition and strategic synergies between Grupo Alacant and Investindustrial. |
| Joaquin Lancis | CEO of Grupo Alacant | Person | CEO of Grupo Alacant, expressed excitement about the partnership with Investindustrial. |