According to elEconomista, Alantra Private Equity has reinforced Surexport Compañía Agraria ("Surexport") with three acquisitions to boost its build-up development in the berry sector: Solana, a Portuguese raspberry producer; AG Group, a blueberry producer in Morocco; and Flor de Doñana, a Spanish company based in Huelva and a leader in the production of organic berries.
Surexport expects that, with the three acquisitions, executed with the support of Alantra PE and its co-investors (Keyhaven Capital Partners and Oquendo Capital), and the addition of other strategic growth projects currently underway in Peru, Mexico, and Eastern Europe, it will surpass the 300 million euro turnover barrier over the next three years.
The three strategic purchases (Solana, AG Group, and Flor de Doñana) have consolidated Surexport's positioning, increasing its productive capacity in key regions, complementing its product portfolio, and boosting its ability to supply berries to the main European distribution chains throughout the whole year.
Based in Huelva and created in 1994, Surexport produces exclusive strawberry, raspberry, blueberry, and blackberry varieties. In the 2022-2023 campaign, the group had a turnover of 220 million euro, with a total production area of 1,600 hectares.
Alantra entered its shareholding in 2020 through its third private equity fund, Alantra Private Equity Fund III, to boost its growth plan. After the investment of the firm specialized in middle market financial services, the founding family continued at the forefront of the management and day-to-day running of the company. The investment group led by the Spanish private equity manager has since been supporting the CEO of Surexport, Andrés Morales, in the definition and execution of the company's strategic and growth plan.
Source: eleconomista.es