The private equity firm Nazca Capital, which focuses on investing in unlisted Spanish SMEs, has supplied funding for the Valencian company Eurocebollas. Eurocebollas hopes this move will boost its international growth and consolidate it in Spain.
The company, which was founded more than 40 years ago by the Alberola Vercher family, specializes in the production of ready-to-use cooked onion as an ingredient for the food industry. In 2019, Eurocebollas achieved a turnover of 21 million euro, with a growth of over 20% in the last two years.
Eurocebollas has clients in more than 25 countries, including the United Kingdom, France, Australia, the United States, Canada, and Russia, among others. Its headquarters are located in Alizra, and it has a workforce of 170 employees, which has doubled in the last two years. Its facilities inaugurated in 2018 have an area of 100,000 m² and process 80 million kilos of onions annually. The company plans to open a new 18,000 m² facility in Albacete in 2021.
In addition, Eurocebollas is about to launch other cooked ingredients, such as garlic, aubergine, zucchini, pumpkin, and other formats of cooked onion (dehydrated and frozen fried onions).
To carry out this project, the shareholders have reinforced the company's balance with an injection of funds and Francisco Alberola will continue to lead the company. PWC and Perez Llorca have advised Nazca in this operation and Livingstone Partners and Lopez-Ibor Abogados have advised the seller.