M&A Deal Summary

Black Toro Capital Partners Acquires Irestal Group S.A.

On June 9, 2015, distressed investor Black Toro Capital Partners acquired manufacturer Irestal Group S.A. from MCH Private Equity for 40M EUR

Acquisition Highlights
  • This is Black Toro Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is Black Toro Capital Partners’ largest (disclosed) transaction.
  • This is Black Toro Capital Partners’ 3rd transaction in Spain.

M&A Deal Summary

Date 2015-06-09
Target Irestal Group S.A.
Sector Manufacturing
Buyer(s) Black Toro Capital Partners
Sellers(s) MCH Private Equity
Deal Type Secondary Buyout
Deal Value 40M EUR

Target

Irestal Group S.A.

Barcelona, Spain
Irestal Group is specialized in supplying stainless steel in its various forms (sheets, coils, tubes, bars, rods, accessories etc)

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Buyer(S) 1

DESCRIPTION

Black Toro Capital Partners is a private investment group that looks to help rescue and stabilize mid-sized Spanish companies. Black Toro does not have any sector preferences and generally looks to invest throughout the capital structure with new capital to deleverage and stabilize target company balance sheets. Black Toro Capital Partners was formed in 2011 and is headquartered in Barcelona.


DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 1 of 1
Country (Spain) 3 of 3
Year (2015) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 Carbures Europe SA

Cádiz, Spain

Carbures Europe SA specialized in the development and production of carbon fiber composite structures for the aerospace, automotive, infrastructure and other final markets.

Buy -

Seller(S) 1

SELLER

MCH Private Equity

Madrid, Spain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

MCH Private Equity is a private investment firm focused on mid-sized opportunities in Spain and Portugal. MCH invests in businesses exhibiting growth potential (organic/add-on), ability to improve operating margins, and consistent cash-flows. MCH is a generalist investor, however the Firm has a strong interest in sectors/markets undergoing consolidation. The Firm's target investment size is €15 to €45 million. MCH was formed in 1998 and is based in Madrid.


DEAL STATS #
Overall 14 of 18
Sector (Manufacturing) 4 of 4
Type (Secondary Buyout) 3 of 4
Country (Spain) 14 of 17
Year (2015) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-27 Conservas Garavilla

Mundaka, Spain

Conservas Garavilla specializes in production and commercialization of different types of canned fish products and other food related value added products. It operates under two commercial brands, Isabel and Garavilla, while the remaining sales come from private labeling (DOB). Conservas Garavilla was founded in 1887 and is based in Mundaka, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-28 Jeanologia

Valencia, Spain

Jeanologia is a maker of denim manufacturing equipment. Jeanologia focuses on technologies that lower the usage of chemicals and waters in the making of jeans. Jeanologia was founded in 1994 and is based in Valencia, Spain.

Buy -