Pinsent Masons advises on the acquisition of a mayority stake of Diego Pérez Riquelme e Hijos

Pinsent Masons has advised Nexxus Iberia Private Equity Fund, a leading player in the private equity sector, on the indirect acquisition of a majority stake in the share capital of Diego Pérez Riquelme e Hijos, a relevant company engaged in the food sector in Spain, with its headquarters in Murcia and known by its commercial brand La Margarita.

The Pinsent Masons corporate team was led by Francisco Aldavero Bernalte (partner) with the assistance of Olimpia Ortega Mélida (senior associate) and Juan Yago Hernández-Canut Cano (associate). The finance team was led by José Millán (partner) with the assistance of Jesús Priego Luque (associate).The Pinsent Masons tax team was led by Gonzalo Gil (partner) together with Isabel Wimmer (associate).

Founded in 1985 by Diego Pérez Riquelme and now run by his three sons, the family business manufactures and processes spices and seasonings from its 14,000 m2 facilities in Albanilla (Murcia), working regularly with leading companies in the food sector. The company mainly provides services in Europe, with a strong presence in the local Spanish market and in French-speaking countries.

In this next stage, the company will boost its growth through internationalisation mainly in other European markets and with the development of new products and services.

Alejandro Diazayas, Partner of Nexxus Iberia, said “We are delighted to be working with the Diego Pérez Riquelme e Hijos team in the next stage of the company’s growth. Over the years, they have developed a solid business model based on operational excellence, customer proximity and the quality of both their products and their team. The transaction is very much in line with our investment strategy, positioning us in a segment where we see significant growth opportunities, and remaining faithful to our policy of investing in innovative companies with sustainable policies, with expansion potential through internationalisation and the development of new products and services”.

With this transaction, the twelfth of Nexxus Iberia Private Equity Fund I, Diego Pérez Riquelme e Hijos becomes the latest addition to the portfolio of Nexxus Iberia companies, joining other firms such as Mirplay, Chef Sam, Solutex and STM Seguridad.

Julia Gil