Nexxus Iberia has acquired a majority stake in Diego Pérez Riquelme e Hijos, commercially known as ‘La Margarita’, a Murcia-based company specialising in the condiments and spices sector, the private equity firm said in a note.
The partner of Nexxus Iberia, Alejandro Diazayas, said that the firm is delighted to work with the team of Diego Pérez Riquelme e Hijos in its next stage of growth and added that this transaction fits in with the investment strategy of Nexxus Iberia and positions them in a sector in which “they see growth potential”.
With this purchase, which represents the twelfth investment by Nexxus Iberia Private Equity Fund I, Diego Pérez Riquelme e Hijos joins Nexxus Iberia’s portfolio of investees, which includes companies such as Mirplay, Chef Sam, Solutex and STM Seguridad.
The management team and shareholders of the company from Murcia, Diego, Javier and José Macario Pérez Carmona have valued the operation as an important step for the company and have assured that they are aware of where they have taken the company and the current stage in which they find themselves, with the entry of Nexxus Iberia as “a great opportunity”.
Diego Pérez Riquelme founded the family business in 1985 and it is currently run by his three sons. Its business is based on the manufacture and processing of condiments and spices in its more than 14,000 square metres of facilities. The company has a presence mainly in French-speaking countries and Spain.
The Pinsent Masons cCrporate team was led by partner Francisco Aldavero Bernalte with the assistance of senior associate Olimpia Ortega Mélida and associate Juan Yago Hernández-Canut Cano. The Finance team was led by partner José Millán with the assistance of associate Jesús Priego Luque. The Tax team was led by partner Gonzalo Gil together with associate Isabel Wimmer.