HIG Capital snaps up majority stake in Spanish gin company Puerto de Indias Group

2820

Global private equity house HIG Capital has snapped up a majority stake in Spanish gin producer Puerto de Indias Group.

Financial details of the deal were not revealed, but the firm typically invests in companies with an enterprise value of between $50m and $500m.

Puerto de Indias, which was founded in Seville, is a Rosé gin maker. It was founded by Jose Antonio and Francisco Rodriguez and has quickly risen to become a leading player in the market, according to the firm.

It is now looking to expand internationally and is hoping to forge links in wider Europe, the US and Latin America.

HIG Europe principal Leopoldo Reaño said, “We are thrilled to have the opportunity to support the management team led by Jose Antonio and Francisco with its ambitious international expansion plan.

“We are confident that the combination of their market vision with our resources and strong international presence will be the cornerstone of a new sustainable growth phase for the company, which will allow Puerto de Indias to become a leading global player in the international spirits market.”

The transaction comes slightly more than a month since the firm acquired a majority stake in machine parts provider Beinbauer Group.

More recently, it acquired a majority stake in Wastequip after agreeing a deal with Centerbridge.

Copyright © 2018 AltAssets