Agolives partners with Alantra Private Equity to accelerate its ambitious growth plan

Date 27 October 2021

Founded in 1962 and based in Sevilla (Spain), Agolives is one of the largest companies in the world in the table olive sector. The Company’s net revenues reached €130m in 2020, with more than 60% coming from international markets. The Company is present in more than 60 countries.

Supported by Alantra Private Equity’s experience, the Company expects to boost its growth by leading the category in innovation and expanding its commercial capabilities.

Madrid, October 27, 2021- Alantra Private Equity (“Alantra”) has formed a partnership with Aceitunas Guadalquivir SL (“Agolives), one of the largest companies in the table olive sector globally. This investment aims to boost the Company’s ambitious growth plans, both in Spain and at an international level. The founding family and the rest of the management team will retain a significant stake and continue leading with the Company, guaranteeing business continuity at all levels and the effective execution of the Business Plan. The financial terms of the transaction are not disclosed.

Alantra’s financial and strategic support will accelerate the implementation of a new business plan to support organic growth while allowing Agolives to explore inorganic growth opportunities within a global fragmented sector mostly comprised of medium-sized and family-owned companies.

Francisco Escalante, CEO of Agolives, said: “We are confident that with Alantra’s support, we will have the resources and expertise needed to grow our business, enhance our offering and expand our geographic footprint. We are delighted to be working in cooperation with a partner that understands our industry and our ambition.”

Mariano Moreno, Partner at Alantra Private Equity, highlighted: “The story of Francisco and his family, their ability to innovate and grow internationally, and the excellent product and service they offer, make Agolives a company with the potential to become the global leader in the table olive market.”

Our investment in Agolives underscores the expertise of Alantra’s Private Equity division and its ability to partner with family-owned companies and with owners that remain involved in the management of the business and the execution of growth plans. This new investment strengthens Alantra presence in the Spanish agri-food sector and follows our recent investments in the companies Surexport, Frías Nutrición, Unión Martín, Hiperbaric and Monbake.