DETAILS OF THE TRANSACTION

IMAP Albia Capital is advising GUZMÁN GASTRONOMÍA in the acquisition of a 75% stake in the Vitoria-based company SÁENZ HORECA.

The acquisition of Sáenz-Horeca by the South-African multinational Bidcorp – the majority shareholder in Guzmán Gastronomía – will boost the growth of the group based at Mercabarna, which is expecting to see turnover reach €140m this year.

BIDCORP-GUZMÁN GASTRONOMÍA

GUZMÁN GASTRONOMÍA is a distributor of high-quality fresh and processed gastronomical produce, with a presence in the foodservice sector at a national level. BIDCORP is a world leader in foodservice with a turnover of € 9,000m.

SÁENZ HORECA

Sáenz-Horeca is a benchmark company in the supply of top-of-the-range meat for the restaurant trade. It has over one thousand customers across Spain and it sells over 3 million kilograms per year. Guzmán Gastronomía has acquired a majority stake in the business, which will continue to be run by its founder, Javier Sáenz.

IMAP Albia Capital

IMAP Albia Capital (www.albiacapital.com) is a firm specializing in mergers and acquisitions and an exclusive member of IMAP in Spain. IMAP is an organization with a presence in 35 countries averaging 220 transactions per year over the last 10 years.