The food sector: investment for troubled companies

Integral service around a transaction
BY : Diego GutiérrezJuly Mon, 2013

imagesIn 2012, in the food sector, there were 5 buy-sell transactions involving venture capital of all types, ranging from restructuring to seed investments.

"Most of the operations have come from situations where the viability of the company was in serious difficulties. The investors involved have been either funds specialised in restructuring, as is the case with Oaktreeor prestigious entrepreneurs in the sector such as Atitlan (Mercadona). The Farga operation has been the best example of expansion looking for an ally with a commercial network to grow abroad with guarantees" explains Diego Gutierrez, an expert in corporate finance at ABRA INVEST.

Panrico: the largest and restructuring operation

Oaktree Capital Management, a private equity firm specialising in corporate rescue, has participated in the acquisition of 56% of Panrico's equity for approximately €100MM, bringing its ownership to 86%.

Inversiones Valencia Capital Riesgo (Invalencia) takes control of Acuigroup Maremar


Inversiones Valencia Capital Riesgo (Invalencia), a fund of the Banco de Valencia group, has increased its stake in the fish farm Acuigroup Maremar from 68% to 99,8% after investing EUR 17,6m in a capital increase The company's objective is to sell the company to an international investment group.

Farga: international expansion with foreign partner

Farga Group has taken another step forward in its commercial agreement with Mexican businessman Roberto Servitje Achutegui. After sealing, at the end of last year, an alliance for Servitje to export Farggi ice cream to America and Japan, the executive, president and CEO of Grupo Altex, has entered the Farga shareholding by taking a minority stake, according to sources familiar with the operation. The Farga family retains a majority stake in Grupo Farga, but will rely on the resources provided by Servitje to finance its internationalisation plans, which involve taking advantage of Altex's structure in Mexico, the United States and Japan to market its ice cream in these three markets.

There is also room for investment in new business ideas.

Angels Capital (Juan Roig's Venture Capital) partnered a year ago with the former director of Chocolates Valor, Víctor Llinares, to buy the Requena Torre Oria winery from Natra and turn it into the launch pad for a wine export business. The project is called Vintes, an umbrella brand for the wines and cavas made at the winery, and aims to position sparkling wines and wines with designation of origin from Valencia and Requena-Utiel abroad.

Intercross alimentación has also received investment by a business angel group from keiretsu Forum. Intercro is dedicated to the production and distribution of frozen cakes and other specialities. With a clear export orientation, they focus on the Spanish, French, Portuguese and German markets.

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?