Nazca Capital advised by Uría on Caiba acquistion

Uría Menéndez advised Nazca Capital on a deal to acquire a 75 per cent stake in Spanish household product container manufacturer Caiba.

The stake in Caiba was sold by the Baños Family, which was advised by BDO and Grant Thornton.

Caiba, based in Valencia, has around 150 employees and 45,000 square metres of production facilities divided into two main manufacturing plants located in Valencia and Jaén.

Nazca Capital made the acquisition through its fund Nazca III, which has €200 million of commitments from international institutional investors including Alpinvest. 

Allen & Overy advised Oquendo in relation to the financing if the transaction. The Allen & Overy team was led by Ignacio Ruiz-Cámara.