Livingstone’s Consumer team has advised the Osborne Group on the sale of a Jabugo ham-curing facility to Incarlopsa, a company specialised in the production and preparation of pork products. Livingstone acted as the exclusive financial adviser to the Osborne Group in this non-strategic asset divestment transaction.
Néstor Nava, Corporate Strategy & Portfolio Development Director of the Osborne Group, commented: “Livingstone has done an excellent job for us. They carried out an in-depth analysis to identify potential national and international stakeholders which greatly helped us in the final buyer’s choice process. This operation is part of our 2019-2021 Strategic Plan for the Iberico Meat business: a strategy aimed at maximising the 5J brand value and consequently ensuring maximum product quality and selective distribution in gourmet channels.”
With more than 200 years of history, the Osborne Group is the leading Spanish producer and marketer of high-quality ham, through its brands “5 Jotas”, “Sánchez Romero Carvajal” and 10 Vetas. Osborne is also well-known in Spain for its wine and spirits business. The Group hired Livingstone to carry out a divestment process for its ham curer whose location in Jabugo has a high strategic value.
Created in 1978 by the Loriente Piqueras family brothers to produce and prepare quality pork products, Incarlopsa has evolved to become an important reference within the Spanish meat sector, with more than 800 employees on staff.
Ximo Villarroya, Partner at Livingstone said: “Our team worked intensely to identify potential stakeholders, involving Livingstone’s international offices and contacting companies in countries from China to the US. Finally, the transaction was successfully completed with one of the candidates that we identified early in the process. It has been a pleasure working with the team of professionals at the Osborne Group.”