Livingstone’s Consumer sector team has advised the shareholders of Distribuciones Juan Luna, S.L.U., a leading Spanish packager and distributor of imported cheeses, ham and cold meats, on its sale to private equity investor Nazca.
Founded in 1990, Juan Luna specialises in the slicing, packing and distribution of imported delicatessen products, to major Spanish food distribution chains, under its own brand and for third parties.
Having implemented a successful international growth strategy over the last few years, the company delivered a 15% increase in export sales to European countries and South America, mainly to Chile and Mexico.
Juan Luna’s facilities near Valencia employ nearly 200 people. In 2015, the company had revenues of €54m and is forecast to generate €63m in sales in 2016.
“In over 25 years of the company’s history, this is the first time we have experienced such a complex transaction. The Livingstone team made us feel comfortable and confident, giving us guidance and advice throughout the whole process. We appreciate their professionalism and dedication. They did an outstanding job for us,” commented Juan Elías Luna, CEO of Juan Luna.
Headquartered in Madrid, and operating in the Spanish market since 2001, Nazca Capital is a private equity investor focused on investing in private small to medium size companies in Spain, with a proven background, strong development capacity and ambitious growth plans.
Ximo Villarroya, Partner at Livingstone Madrid, 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.”