June 06, 2024
- After several years of growth and consolidation, Talde Private Equity sells its stake in Ñaming to the Taste of Italy 2 Fund, managed by DeA Capital Alternative Funds. Its plan for the future is to strengthen the Group's growth in the Iberian Peninsula.
- Jorge Miranda, CEO of Ñaming-Sansala and member of the founding family, reinvests in the company and remains a minority partner in this new stage.
Madrid, 6 June, 2024.- Taste of Italy 2 Investment Fund, managed by DeA Capital Alternative Funds SGR, has signed a binding agreement to acquire a majority stake in Grupo Ñaming (Ñaming-Sansala), Spain's leading company in the elaboration of sandwiches, fresh and ultra-fresh products, in order to drive its growth in the Iberian Peninsula. To date, the company was owned by Talde Private Equity and Jorge Miranda, CEO and member of the founding family, who has reinvested in the company and remains a minority partner in this new stage. The transaction is submitted to the National Commission on Markets and Competition (CNMC), the Spanish regulatory authority, for approval.
Founded in 1990 and headquartered in Mallén (Zaragoza), Ñaming has consolidated as the leader in the sandwich market in Spain with sustained double-digit growth over the last years. Its wide catalogue of ready-to-eat products ranges from sandwiches and snacks to salads, wraps, yoghurts, cut fruit, smoothies and desserts. With a turnover of €40.5 million and a team of 350 employees, the company is finalising the launch of a new product range. This step is framed within its strategy of diversifying its offer, thus reinforcing its commitment to innovation and service excellence, two key elements of its success.
The Group, IFS Food certified in its two plants in Mallén (Zaragoza) and Madrid, manufactures more than 160,000 units a day with the highest quality and safety standards.
The acquisition of Ñaming Group is DeA Capital's third investment in Spain, following Alimentación y Nutrición Familiar (Alnut), a supplier to Mercadona, and the acquisition of a significant stake in the restaurant chain Pizzerías Carlos. Leopoldo Reaño, Managing Director of DeA Capital Alternative Funds, confirms that "We are excited to support Ñaming and its team led by Jorge Miranda in its expansion project and to face the new challenges of production and supply in response to the growing demand experienced by the Group as a leader and reference player in the sandwich industry in Spain".
Jorge Miranda, CEO of Ñaming, is pleased with the transaction which "Represents an important impulse for the growth of the company and the development of its team. With more than 34 years in business, as well as a recognition of the trajectory and potential of Ñaming-Sansala and its growing reputation thanks to its great quality, convenience, and price".
According to Talde Private Equity, "We are satisfied of the road undertaken by Ñaming during these 10 years as a shareholder and having been part of the consolidation of the national leader in the sandwich business in Spain".
DeA Capital Alternative Funds has been advised by Arcano (financial) and Eversheds Sutherland Spain (legal), supported by PwC (Financial, Legal, Tax and Employment DD), KPMG (Commercial DD) and BMS Group (Insurance DD and R&W Insurance Trading). Funds advised by Muzinich have subscribed the financing for investment and future growth of Ñaming. Talde Private Equity has been advised by Socios Corporate Finance and Deloitte.