{"id":14950,"date":"2020-12-10T09:26:08","date_gmt":"2020-12-10T09:26:08","guid":{"rendered":"https:\/\/www.alantra.com\/?p=14950"},"modified":"2021-02-03T09:46:32","modified_gmt":"2021-02-03T09:46:32","slug":"surexport-opens-up-its-shareholding-to-alantra-private-equity-to-accelerate-its-growth-plan-and-become-the-leading-player-in-the-european-berry-industry","status":"publish","type":"post","link":"https:\/\/www.alantra.com\/es\/surexport-opens-up-its-shareholding-to-alantra-private-equity-to-accelerate-its-growth-plan-and-become-the-leading-player-in-the-european-berry-industry\/","title":{"rendered":"Surexport opens-up its shareholding to Alantra Private Equity to accelerate its growth plan and become the leading player in the European berry industry"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li><em>Surexport is a leading and fully integrated Spanish producer of strawberries,\nblueberries, raspberries, and blackberries (\u201cberries\u201d). The company <\/em><em>has a diversified\ngeographical footprint, with more than 80% of its revenues coming from\ninternational markets and growing facilities in Spain, Morocco, and Portugal<\/em><\/li><li><em>Its growth plan relies on increasing all-year-round product\navailability by adding new locations, aiming to supply leading European retailers\nwith high-quality and exclusive berry varieties<\/em><em><\/em><\/li><li><em>Alantra Private Equity&#8217;s strategic and financial\nsupport to speed-up Surexport\u2019s organic growth plan and explore inorganic\ngrowth opportunities in a highly fragmented market<\/em><\/li><\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator is-style-dots\"\/>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Madrid, 10 December 2020 \u2013 <\/strong>Alantra Private Equity Fund III has entered the shareholding of Surexport\nCompa\u00f1\u00eda Agraria (\u201cSurexport\u201d) to boost the Company\u2019s growth plan. The founding\nfamily will continue leading daily operations and executing the business plan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since its foundation in\n1994 in Huelva (Spain), Surexport has been focused on supplying high-quality\nberries to key European retailers, mainly in the UK, Germany, Central Europe,\nthe Benelux and Spain. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a way to differentiate\nitself from competitors and successfully consolidate its international\nfootprint (international accounts for more than 80% of its revenues), Surexport\nhas always been in constant search for new varieties to meet retailers\u2019 and\nend-customers\u2019 ever more strict demands (e.g. flavour &amp; appearance, longer\nshelf-life, etc.) and new growing locations to secure all-year-round production.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a result, Surexport is\ntoday one of the largest independent berry producers in Europe, with a total turnover\nof approximately \u20ac190m, that stands out for its (i) comprehensive and highly\ndifferentiated product portfolio, with exclusive varieties in the four berry\ncategories, (ii) long-lasting and solid commercial relationships with top\nEuropean food retailers, (iii) complementary production facilities in Spain,\nPortugal and Morocco, and (iv) best-in-class logistics and packing facilities,\nespecially the fully automated premises recently inaugurated in Huelva. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Going forward, Surexport\nwill benefit from the positive growth prospects for the berry industry, one of\nthe fastest-growing categories in the Western European fruit and vegetable\nmarket, as higher consumption will be driven by healthier consumer habits and convenience\ntrends (such as snacking and on-the-go consumption). <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Surexport\u2019s growth plan\nrelies on strengthening its leadership position in top European retailers by\nincreasing product availability to cope with year-round demand and reinforcing\nits differentiated portfolio of exclusive varieties. Additionally, Surexport\naims to consolidate a recently launched fresh-cut fruit business for the\nnational market, following the new investments deployed to develop a category\nthat is experiencing high growth in other European markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.alantra.com\/what-we-do\/alternative-asset-management\/private-equity\/\">Alantra Private Equity<\/a>&#8216;s strategic and financial support will speed-up Surexport\u2019s organic growth plan and will help to explore inorganic growth opportunities in a highly fragmented market with the aim to consolidate a global leader in the industry. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Company\u2019s CEO, Andr\u00e9s\nMorales, and the rest of the management team will continue to lead the project,\nguaranteeing the business continuity and, most importantly, ensuring its future\ngrowth perspectives. Andr\u00e9s Morales states that \u201cwith Alantra\u2019s involvement and\nsupport we expect to accelerate our growth plan. From now on, we will have\ngreater resources to simultaneously execute several organic and inorganic\ninitiatives with the aim of becoming best partners with our clients by granting\nthem an all-year-round supply and a best-in-class service\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.alantra.com\/team-member\/bruno-delgado-luque\/\">Bruno Delgado<\/a>, partner at Alantra Private Equity, highlights: \u201cWe are really impressed by the Company\u2019s track-record, market positioning, level of innovation and high-degree of professionalization. Following recent strong investment efforts, Surexport is indeed the best platform to build the European champion in the berry industry\u00bb.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This new investment strengthens Alantra Private Equity&#8217;s commitment to\nthe food sector, where the fund holds investments in the different industries of\nthe food chain, in companies such as Uni\u00f3n Martin, Monbake, Fr\u00edas Nutrici\u00f3n and\nHiperbaric.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The terms of the transaction\nby which Alantra Private Equity Fund III has entered in Surexport\u2019s\nshareholding are confidential.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Advisors to Alantra\nPrivate Equity: Houlihan Lokey (M&amp;A advisor), Hogan Lovells (legal), Bain\n&amp; Company (commercial), KPMG (financial, tax, labour and legal due\ndiligence) and ERM (ESG).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Advisors to sellers: Leal\n&amp; Mart\u00edn Economistas y Anaford Abogados (legal).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Surexport is a leading and fully integrated Spanish producer of strawberries, blueberries, raspberries, and blackberries (\u201cberries\u201d). The company has a diversified geographical footprint, with more than 80% of its revenues coming from international markets and growing facilities in Spain, Morocco, and Portugal Its growth plan relies on increasing all-year-round product availability by adding new locations, [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":14951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[76],"tags":[],"class_list":["post-14950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alternative-asset-management"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/posts\/14950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/comments?post=14950"}],"version-history":[{"count":3,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/posts\/14950\/revisions"}],"predecessor-version":[{"id":14954,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/posts\/14950\/revisions\/14954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/media\/14951"}],"wp:attachment":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/media?parent=14950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/categories?post=14950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/tags?post=14950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}