Mediterrània Capital buys San José López (SJL)
The venture capital fund Mediterrània Capitalmanaged by Riva and Garcia and the Tunisian fund Africinvest have bought the missing 51% of the Basque transport and logistics company San José López (SJL), until now in the hands of the founding families Quiroga, Estensoro and López.
Following the transaction, financed with fund resources and bank debt, Mediterranea Capital now controls 40% of the Basque company, while Africinvest, which already has a stake in the Basque company, has a stake in the company. participated with the Spanish fund in 2013 with the acquisition of 49%, it now controls the remaining 60%.
San Jose focuses its activity on transport, mainly in the automotive, agricultural and textile sectors, and after the operation it has moved its headquarters from Oyarzun (Guipúzcoa) to Tangiers (Morocco).
"Among the investees of Mediterrània FCR, which has just closed its second €120m fund and is planning to launch a third €300m fund, are Bloqmarine, the Tunisian Bitakathe Algerian Biopharmin addition to Cepro, JP IndustrieLaMarsa, Agrolith, SoroaDiffazur, CIM and Sodinco" comments Diego Gutierez of Abra-Invest.
SECURIDEV, S.A. has purchased the Spanish company Metalúrgica Cerrajera de Mondragón, S.A. (MCM)
The French multinational SECURIDEV, S.A. has acquired MCM in line with its strategy to strengthen its market presence and offer global solutions.
SECURIDEV is a prestigious industrial group with 11 manufacturing plants in Europe: France, England, Germany, Italy, Slovenia, Hungary, Poland and Spain. It specialises in mechanical locking systems and access control solutions, both mechanical and electronic, for all types of buildings. The group is also the owner in Spain of the historic brands UCEM and TELESCO.
Bunge Ibérica buys the Basque company Biodiesel Bilbao
Bunge Ibérica has acquired the Biodiesel Bilbao plant, which will be commissioned in October and will be used to produce energy through the transformation of vegetable oils into biofuel.
Bunge is a world leader in the manufacture of vegetable meals and oils for the agricultural sector and the food industry. In April 2005 it inaugurated its new plant in the port of Bilbao, with an investment of more than €70 million, and has now decided to acquire Biodiesel Bilbao.
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