M&A Deal Summary

Oxy Capital Acquires Starfoods

On October 29, 2024, private equity firm Oxy Capital acquired restaurant Starfoods from Explorer Investments

Acquisition Highlights
  • This is Oxy Capital’s 1st transaction in the Restaurants sector.
  • This is Oxy Capital’s 11th transaction in Portugal.

M&A Deal Summary

Date 2024-10-29
Target Starfoods
Sector Restaurants
Buyer(s) Oxy Capital
Sellers(s) Explorer Investments
Deal Type Secondary Buyout

Target

Starfoods

Cruz Quebrada, Portugal
Starfoods engages in food retailing within the fast-food segment. The company serves sandwiches in stores, as well as beautiful salads, soups, toasts, wraps and piadinas. Starfoods was founded in 1993 and is based in Cruz Quebrada, Portugal.

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Buyer(S) 1

DESCRIPTION

Oxy Capital is a private investment firm that looks to be a flexible provider of capital to companies in a variety of industries throughout Portugal and Italy. The Firm invests equity and/or mezzanine capital in small to mid-sized companies in need of funding for growth, restructuring, shareholder liquidity, and other complex situations. Oxy Capital was formed in 2012 and is headquartered in Lisbon.


DEAL STATS #
Overall 12 of 12
Sector: Restaurants M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Portugal M&A 11 of 11
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-17 Kaffa

Rio de Mouro, Portugal

Kaffa is a manufacture of coffee capsules in Europe and Portugal. Their coffee factory has a production capacity of more than 500 million capsules per year. Through fully integrated, controlled and automated processes, it produces, without any additives or chemical elements in its composition, 11 types of products, 10 types of capsules compatible with different coffee machine operating systems (namely capsules compatible with Nespresso machines, Delta Q, Dolce Gusto, Lavazza Point and Expresso Cap*) and encapsulated coffee for the closed and exclusive brand system. Kaffa was founded in 1960 and is based in Rio de Mouro, Portugal.

Buy -

Seller(S) 1

SELLER

Explorer Investments

Lisbon, Portugal

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Explorer Investments is a private investment firm that looks to fund buyouts, as well as provide expansion and replacement capital to middle-market Portuguese companies. Explorer looks to invest a minimum of €10 million in transactions valued up to €150 million. Explorer does not have any sector preferences and typically holds investments for three to six years. Explorer Investments was formed in 2003 and is based in Lisbon, Portugal.


DEAL STATS #
Overall 25 of 27
Sector: Restaurants M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 7
Country: Portugal M&A 22 of 23
Year: 2024 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 Gosimac

Pombal, Portugal

Gosimac is a company specializing in precision machining and the design and manufacture of industrial machinery and equipment. It serves sectors such as automotive, aerospace, electronics, and defense, with over 80% of its production exported to international markets. Gosimac was founded in 1982 and is based in Pombal, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-17 Biogerm

Maia, Portugal

Biogerm is a biotechnology company specializing in the development, production, and commercialization of vaccines and diagnostic solutions. It focuses on innovative healthcare products to prevent and detect infectious diseases. Biogerm was founded in 1994 and is based in Maia, Portugal.

Buy -