BIC Capital supported a group of investors in the acquisition of a 76% stake in Técnicas SanJorge in partnership with Mediterrania Capital Partners
Key facts:
- SanJorge is a Spanish family-owned agro-industrial business based in Palos de la Frontera (Huelva, Andalucía), but with a global reach
- It provides high quality greenhouses, hydroponic and irrigation systems and distributes a wide range of agricultural supplies
- Founded in 2000, is the market leader in the macro tunnel greenhouses mainly used in the berry cultivations
- Has a consolidated track record of growth in a market experiencing positive momentum
- SanJorge represents the one-stop shop for farmers, differentiating from competitors with its execution speed and service response while offering high-quality and durable solutions at competitive prices
- ESG! SanJorge’s offer comprises of efficient and environmentally friendly solutions, contributing to sustainable agricultural practices
- In 2022 the company registered revenues of ca.€25m (more than 20% outside Spain) with more than €3m of EBITDA
Key value creation pillars
- Organic consolidation in the domestic market through market share increase
- International expansion, exporting best practices and know how gained in years of experience in Huelva
- Hydroponic conversion of traditional cultivations: an innovative technique aimed at productivity increase and water saving
- Strengthen of the organization
- Market consolidation through an M&A strategy in a very fragmented market, still under the radar screen of many Private Equity firms
