Platinum Equity Acquires Majority Stake in Iberconsa from Portobello Capital
March 7, 2019
Platinum Equity agreed to acquire and completed the purchase of a majority stake in Grupo Ibérica de Congelados, S.A. (Iberconsa) from Portobello Capital and affiliates of the company's founding families; financial terms were not disclosed. Headquartered in Vigo, Spain, Iberconsa is a vertically integrated global provider of frozen seafood with an owned fleet of ~45 vessels, five processing plants and four cold storage facilities, and Platinum plans to support further growth through operational improvements and M&A while CEO Alberto Freire remains in place.
- Buyers
- Platinum Equity
- Targets
- Grupo Ibérica de Congelados, S.A. (Iberconsa)
- Sellers
- Portobello Capital, Affiliates of the company's founding families
- Industry
- Food & Beverage
- Location
- Galicia, Spain
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Platinum Equity Acquires Majority Stake in F.lli Polli S.p.A.
December 13, 2024
Food & Beverage
Platinum Equity has acquired a majority stake in F.lli Polli S.p.A., the Italian producer of pasta condiments, preserved vegetables and related products, from affiliates of the founding Polli family. The Polli family and CEO Marco Fraccaroli retain minority ownership and management continuity; Platinum Equity intends to support geographic expansion across Europe and the United States.
-
Portobello Capital Acquires 45% Stake in Onion Solutions (Eurocebollas)
July 19, 2023
Food & Beverage
Portobello Capital has agreed to purchase a 45% stake in Onion Solutions, S.L. (doing business as Eurocebollas) from NAZCA Capital. The minority investment is intended to support the company's organic growth and a new stage of international expansion alongside the existing management team.
-
Platinum Equity Acquires Pelican Products
December 31, 2021
Manufacturing
Platinum Equity has completed its acquisition of Pelican Products, a Torrance, California-based manufacturer of high-performance protective cases, portable lighting systems and temperature-controlled packaging (Peli BioThermal). The deal, purchased from Behrman Capital, positions Pelican as a platform for growth under Platinum Equity with management, led by CEO Phil Gyori, remaining in place; financial terms were not disclosed.
-
ACON Investments Acquires Majority Stake in Sola de Antequera (Alsur)
July 31, 2020
Food & Beverage
ACON Investments, together with Madrid-based Quarza Inversiones, acquired a majority stake in Sola de Antequera S.A. (Alsur), a producer, processor and distributor of preserved and canned vegetables with production facilities in Spain and Peru and sales across Spain and the United States. The Jiménez Family and Mario Mustafá Aguinaga retain a significant minority stake; ACON said the strategy will focus on expanding Alsur's footprint in Spain and accelerating growth into the U.S.
-
Platinum Equity Acquires Farnese Group (Farnese Vini)
April 6, 2020
Food & Beverage
Platinum Equity has completed the acquisition of Farnese Group (also referred to as Farnese Vini) from NB Renaissance Partners. Headquartered in Pescara, Italy, Farnese is a wine producer and distributor that Platinum Equity intends to grow organically and via prospective acquisitions; financial terms were not disclosed.
-
Platinum Equity Acquires De Wave Group
October 30, 2019
Manufacturing
Platinum Equity has acquired De Wave Group from Xenon Private Equity. Headquartered in Genoa, Italy, De Wave is a marine contractor specializing in cruise ship interiors (new build and refit) with facilities in Italy, Poland, Singapore and the United States; Platinum Equity said it will support organic growth and pursue prospective acquisitions to expand the company's product offering and capabilities.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.