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.
IMPROMAT-COMPUTER, serves large corporate clients in the Telecommunications, Utilities, Banking, Insurance, and Industrial sectors. It has over 100 employees and generates €34 million in revenues
Khell-Food is the largest producer of ready-made sandwiches and baguettes in the Hungarian market
IMAP partners are now operating in a market that is transitioning away from a phase of cheap financing, pent-up demand and high valuations to one of surging inflation, rising interest rates, more selective investor appetite, and widespread domino effects from the war in Ukraine.
