Livingstone advises Distribuciones Juan Luna in its sale to Nazca Capital

  • Mar 2016
  • Consumer
  • M&A: Sell-Side
  • Spain

Livingstone’s Spanish Consumer team has advised the shareholders of Distribuciones Juan Luna, S.L.U. (“Juan Luna” or the “Company”), a leading Spanish distributor of imported cheeses, ham and cold meats, in its sale to private equity firm Nazca. Terms of the deal were not disclosed.

Created in 1990, Juan Luna specializes in the slicing, packaging and distribution of imported cheeses, ham and cold meats, to major Spanish food distribution chains, both under its own brand and for third parties.

The Company has been going through a successful international growth strategy over the last years, registering in 2015 15% in export sales to European countries and South America, mainly to Chile and Mexico. Juan Luna currently operates modern facilities in Sollana (Valencia) and employs nearly 200 employees. In 2015, the Company had total revenues of €54m (USD 59.9m) and is aiming to generate €63m (USD 69.9m) in sales in 2016.

“Livingstone did an outstanding job for us. From the moment Nazca was identified as a perfect fit for our company until deal completion, the Livingstone team made us feel comfortable and confident, assisting us throughout the full process and we truly appreciated their professionalism and dedication as it was the first time we have faced such a complex transaction in over the 25 years of our Company’s history”, commented Juan Elías Luna, CEO of Distribuciones Juan Luna.

Headquartered in Madrid, and operating in the Spanish market since 2001, Nazca Capital is a private equity focussed on investing in private small and medium size companies in Spain with proven background or strong development capacity and ambitious growth plans, either through acquisition of a shareholding or through a capital raise.

Ximo Villarroya, Partner of Livingstone Spain, said: “It was a real pleasure working with the Luna family and their management team. With Nazca’s financial support and experience, the Company will be able to keep moving forward and fulfil its ambitious growth plans”.


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