Sherpa Capital, a private capital fund manager focused on investing in mid-sized Iberian companies with more than EUR300 million in assets under management, has acquired Laboratorios Forenqui (Forenqui), a Spanish company specialising in the production and marketing of hygiene and personal care products.
This transaction is part of Sherpa Capital’s investment strategy in growth companies, which focuses mainly on opportunities in sectorial consolidation processes and in companies that are going through expansion processes.
Founded more than three decades ago in Valencia, Forenqui is a family business that has experienced strong growth over recent years thanks to its entrance into new international markets and the development of commercial links with national clients, with whom it maintains well-established historical relationships.
With around 100 employees, the company generates revenues of approximately EUR30 million each year, of which more than 50 per cent is international, coming from markets such as Europe, South America, Africa, the Far East, and the Arab countries.
Sherpa Capital’s entry responds to the need to manage the generational change in the company’s shareholding structure and to support the management team in the implementation of the strategic plan. As part of the agreement, the former shareholder, owner, and chairman of the company will remain involved in the management during a transition period. In addition, the current management team will continue to play a key role in the realisation of the business plan over the coming years.
Among Forenqui’s objectives for the coming years is the development of new business lines, mainly in parapharmacy and facial care, as well as the creation of new innovative products, which are increasingly in demand by consumers, such as natural products, free of plastics and parabens.
Sherpa Capital will support Laboratorios Forenqui in the achievement of its strategic objectives and business plan, especially in the identification and implementation of organic and inorganic growth opportunities in its current markets, as well as the entry into new international markets.
Javier Casado, Partner at Sherpa Capital, comments: “Laboratorios Forenqui is a company with an enormous growth potential underpinned by robust foundations that have been built over many years. We are confident that our investment and management experience in industrial companies with international exposure will accelerate Forenqui’s growth to the next level of development and help provide the company with the resources it needs to capture the potential we see in its markets”.
