Alantra has closed one of the most relevant investments in its history through its venture capital division. As reported by elEconomista, the fund has become a shareholder of the Andalusian berry producer Surexport, which distributes its products to large retail chains, such as Mercadona or Tesco, among others.
According to market sources, the division, led by Gonzalo de Rivera, has taken a majority stake in this Andalusian firm with the aim of providing it with sufficient financial resources to develop its ambitious business plan.
According to the same sources, the business niche in which Surexport operates has great growth potential, given the growing interest in on-the-go snacks and healthy food made from natural products. Furthermore, this sector is still highly fragmented in Spain, which gives Alantra great consolidation opportunities in the country (especially in the cut fruit segment), while it is also expanding its product portfolio.
This Huelva-based firm has been immersed for years in a big project to be able to distribute its products in foreign markets. It has production facilities in Spain, Portugal and Morocco. Its turnover amounts to around 190 million Euro, and it exports 80% of its production to large European chains, with its main markets being the United Kingdom, Germany, the Netherlands, Central Europe and Spain.
Surexport was founded more than two decades ago in Huelva by Andrés Morales, current CEO, who has turned this company into a market leader thanks to the development of new products and investments focused on innovation.
The operation has been overseen by Houlihan Lokey (M&A), Hogan Lovells (legal), Bain & Company, KPMG and ERM (due diligence).