Oscar Sanchez
Norgestion
BARNA
Deal Type
Company sale
Sector
Consumer
Completion Date
1st June 2018
Deal Value
Not disclosed
Company Background
Spanish producer of omega-3 fish meal and oil for animal consumption. Top 3 industrial player in Spanish market.
The Group reported revenues 2017 of €c.14m and Adjusted EBITDA of €3,3m (EBITDA Margin 25%).
Deal Summary
CORPFIN (Spanish Private Equity), through a buy and build process, has acquired a majority stake (51%) in BARNA Group. In addition to this transaction, BARNA Group has integrated a complementary peer Company (HARINAS DE ANDALUCIA).
Value Added
NORGESTION has advised the seller shareholders of BARNA GROUP (sale side) in the transaction.
NORGESTION has lead the process as Corporate Finance and Legal advisor (Valuation, Negotiation, Coordination of DD coordinator, Timing, Contracts and relationship between both sides).
The current situation of the Group, developing (and investing) two new core businesses has hindered the agreement about the present and future value of the Group. The price will include a Earn-out concept regarding these projects.
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