DLA Piper and Hogan Lovells advise on Wessanen-Biogran deal
Nazca Capital was advised by DLA Piper on the sale of Spanish organic food manufacturer Biogran to Netherlands-based Wessanen.
Wessanen instructed Hogan Lovells on the transaction.
The deal was valued at €67 million, according to Mergermarket.
Biogran’s net revenue stood at €27 million in 2015.
A Wessanen statement said that net revenue is expected to grow to €32 million in 2016 with an EBITDA (earnings before interest, tax, depreciation and amortization) margin of “close to 17 per cent”.