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Saturday, December 3, 2022
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RSM guides Suma Capital´s entry into Mengual´s capital

RSM Spain has advised Suma Capital on its incorporation as a shareholder of Alianza Mengual Group, S.L., a distributor of hardware products for industry professionals, with a 45% stake acquisition for €10 million

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Mengual, a distributor of hardware products for industry professionals, has brought in private equity firm Suma Capital as a shareholder with the aim of boosting its ambitious national expansion plan. Its CEO, Carlos Mengual, will maintain a majority stake in the company and will lead the growth of the business from its headquarters in Granollers, Barcelona. Suma Capital acquired a 45% stake in Mengual for €10 million.

With more than 50 years of experience in the sector, and a staff of 40 people, Mengual is one of the national leaders in the distribution and marketing of hardware materials specialising in wooden fittings. The company stands out for its extensive product catalogue of more than 18,000 references of the main brands in the sector and a quality advisory service for its more than 9,000 customers, which it supplies through its three branches (Barcelona, Granollers and Lucena).

“We see a high growth potential in Mengual, supported by the company’s good positioning in the professional segment, the solid fundamentals of the sector, and the identified inorganic opportunities. We are convinced that the company, under the leadership of Carlos Mengual, and with the support of Suma Capital, will consolidate its position as one of the leading distributors of wooden hardware in Spain,” said Pau Bermúdez-Cañete, partner at Suma Capital.

A multidisciplinary team from RSM advised on Legal, Labour and Tax Due Diligence process of the acquisition as well as on the negotiation of the shareholders’ agreements, led by partner Victor Schrijner with the support of Corporate lawyer Ferran Gilibert, Tax partner Jaime López and Labour lawyer Alejandro Duque.

Suma Capital was also advised on the analysis of this investment by PwC Strategy&, Alqua, Status EMA Partners, AddVante and Attalea Partners in ESG matters. Carlos Mengual has been advised by Baker Tilly.

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