Restructuring fund activity in Spain

Integral service around a transaction
BY : Diego GutiérrezSeptember Tue, 2015
Restructuring funds are active, and in recent months we have witnessed both successful divestments, such as Sherpa Capital's divestment of Polibol, and buyouts, such as Phi Industrial's purchase of Barloword logistics.



Sherpa sells Polibol

Sherpa Capital has sold PolibolThe company, which manufactures flexible packaging for the Spanish multinational Saica.

The Polibol takeover was based on a 100% valuation of the company's equity of around €50 million, which is five times what Sherpa paid to buy it.  

The sale of Polibol is Sherpa's first divestment and the fund has already beaten the total amount of commitments it raised when it launched its Spanish private equity business in 2010, which amounted to $30m. As a result, all divestments from the portfolio built with this inaugural vehicle from now on will be for pure profit.

Phi buys barloword logistics

PHI Industriala financial group specialising in the turnaround of industrial companies, has acquired Barloword Logistics SA, the subsidiary for Spain and Portugal of the South African logistics services group Barloworld, with a presence in the automotive and petrochemical industries.

PHI will integrate Barloworld as a new division of Atrian Technical Services,. Following this operation, the new company will specialise primarily in data destruction machines, both for private individuals and industry. It will also offer transaction management software, as well as mailing and mail stream production products, such as enveloping machines, franking machines, folding machines and stamping machines, inherited from Pitney Bowes.

"This is the third operation that PHI Industrial has closed since July 2014, when it strengthened the business of its investee Hitecsa with the purchase of a Catalan company, Adisa, and another in France, Wesper. At the end of September, it announced the acquisition of a former Henkel plant in Sant Adrià del Besòs to reinforce its project with La Antigua Lavandera, which started in Seville with the purchase of another bleach and detergent factory from Henkel", comments Diego Gutierrez of Abra-invest

Oaktree sells Panrico to Bimbo

The restructuring fund I am buying Panrico in2011 decided to exit the company and sell it to Bimbo.

 In this way, Bimbo reinforces its leadership in the sliced bread sector with a market share of close to 50% and will make a great leap forward in the sweet bakery sector, the main value that the Catalan firm will bring to the company.

Other posts that may interest you 

Acquisitions Basque companies: San Jose Lopez, MCM and Biodiesel

8fit, AlientVault, Metrikea: tech startups get funding in August

The M&A Professionals

Meet our services



Do you want to be up to date?


Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?