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  5. Oterra Acquires Secna

M&A Deal Summary

Oterra Acquires Secna

On April 28, 2021, Oterra acquired chemicals company Secna from Corpfin Capital

Acquisition Highlights
  • This is Oterra’s 1st transaction in the Chemicals sector.
  • This is Oterra’s 1st transaction in Spain.

M&A Deal Summary
Date 2021-04-28
Target Secna
Sector Chemicals
Buyer(s) Oterra
Sellers(s) Corpfin Capital
Deal Type Add-on Acquisition

Target

Secna

Valenci, Spain
Secna specializes in the manufacture of natural colors for the food & beverage industry, particularly the production of red and dark tones produced from raw materials such as grapes, black carrots, and caramel. Secna was founded in 1967 and is based in Valencia, Spain.

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Buyer(S) 1

Buyer

Oterra

Hoersholm, Denmark
Category Company
Founded 2020
Sector Food
DESCRIPTION

Oterra is the largest global provider of naturally sourced colors for the food, beverage, dietary supplements, and pet food industry. Oterra was founded in 2020 and is based in Hoersholm, Denmark.

DEAL STATS #
Overall 1 of 2
Sector: Chemicals M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2021 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Symrises Natural Food Coloring Business Unit

Holzminden, Germany

Symrises Natural Food Coloring Business Unit provides colors for the food industry.

Buy -

Seller(S) 1

SELLER

Corpfin Capital

Madrid, Spain

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Corpfin Capital is an independent Spanish private equity firm focused on local opportunities. Corpfin will consider both majority and minority positions, looking to commit €15 to €45 million per transaction and EBITDA of €5 to €25 million. The Firm will invest in a variety of industry sectors. Corpfin was formed in 1990 and is based in Madrid.

DEAL STATS #
Overall 22 of 28
Sector: Chemicals M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 8
Country: Spain M&A 22 of 28
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 Berioska

Valencia, Spain

Berioska is a manufacturer of natural cosmetics and personal care products with Babaria brand distributes its products to the consumer market. Berioska was founded in 1981 and is based in Valencia, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 JR Sabater

Murcia, Spain

JR Sabater is a manufacturer of vinegars, syrups and dressings under its own brand and for third parties. JR Sabater was founded in 1976 and is based in Murcia, Spain.

Buy -
Mergr

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