M&A Deal Summary

Oquendo Capital and GED Capital Acquire Comess Group

On June 1, 2016, mezzanine finance firm Oquendo Capital and private equity firm GED Capital acquired restaurant Comess Group from MCH Private Equity

Acquisition Highlights
  • This is Oquendo Capital’s 1st and GED Capital’s 1st transaction in the Restaurants sector.
  • This is Oquendo Capital’s 8th and GED Capital’s 6th transaction in Spain.

M&A Deal Summary
Date 2016-06-01
Target Comess Group
Sector Restaurants
Buyer(s) Oquendo Capital
GED Capital
Sellers(s) MCH Private Equity
Deal Type Secondary Buyout

Target

Comess Group

Madrid, Spain
Comess Group operates a chain of ethnic restaurants in Spain, Portugal, Andorra, Italy, Turkey, France, Germany, Mexico, and the United States. Comess Group was founded in 1988 and is based in Madrid, Spain.

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Buyer(S) 2

Buyer

Oquendo Capital

Madrid, Spain

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 407M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Oquendo Capital is a Spanish mezzanine finance firm offering subordinated debt to help support leveraged buyouts, balance sheet restructurings, and company expansions. Oquendo looks to fund businesses with low cyclicality, recurring revenues, market leadership, experienced management, and low capital requirements. The Firm's target investment size is €5 to €10 million. Oquendo Capital was formed in 2007 and is based in Madrid.

DEAL STATS #
Overall 8 of 15
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 2 of 4
Country (Spain) 8 of 15
Year (2016) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-03 Grupo BC

Madrid, Spain

Grupo BC is a BPO company in Southern Europe, specialized in outsourcing of services to banking industry related to processing and managing files. Grupo BC was founded in 1974 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-15 Discefa

Cambre, Spain

Discefa is specialized in the processing and distribution of high-quality frozen octopus. Discefa was founded in 1982 and is based in Cambre, Spain.

Buy -
Buyer

GED Capital

Madrid, Spain

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 800M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

GED Capital is an investment firm with funds focused on buyout, expansion, and real estate opportunities in Eastern Europe as well as the Iberian Peninsula. For company investments, prospective businesses are sector leaders, with quality management in place and strong growth potential. Within real estate, GED looks for opportunistic investments in Bulgaria and Romania. GED was formed in 1996 and is headquartered in Madrid.

DEAL STATS #
Overall 11 of 27
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 2 of 6
Country (Spain) 6 of 21
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-16 Grupo Sendal SL

Martorell, Spain

The SENDAL group is an organization made up of several companies, which provide a service to healthcare providers and hospitals and specializes in the manufacture and marketing of single use products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-15 Discefa

Cambre, Spain

Discefa is specialized in the processing and distribution of high-quality frozen octopus. Discefa was founded in 1982 and is based in Cambre, Spain.

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 15 of 18
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 4 of 4
Country (Spain) 15 of 17
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 Brasmar

Trofa, Portugal

Brasmar is specialized in the processing, distribution and national and international sale of a wide variety of frozen and chilled fish and seafood. The company has a wide base of suppliers worldwide that guarantee a high quality supply throughout the year and exports >60% of its sales to more than 20 countries including, among others, Italy, Brazil, Spain, France and the USA. Brasmar was founded in 2003 and is based in Trofa, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Nutricafes S.A.

Amadora, Portugal

Nutricafés, S.A. produces and markets coffee and operates restaurant. The company engages in the production, management and marketing of key coffee brands such as Nicola and Chave D'Ouro in Portugal. Roasting and distribution of coffee. Nutricafés is the 3rd largest operator in the Portuguese coffee market with highly trusted and prestigious brands and with 22% market share in Lisbon and around 9% across Portugal. With two distinct leading brands: “Nicola Cafés” and “Chave D’Ouro” and with its complete product & services bundled offering Nutricafés currently covers 10,000 clients in the Out-of-Home and 83% of retail chains.

Sell €75M
Mergr

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