Alantra Private Equity (Alantra) has formed a partnership with Aceitunas Guadalquivir SL (Agolives), a specialist in the olive table sector, aimed at boosting 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 stake and continue with the Company, guaranteeing business continuity at all levels and the effective execution of the growth plans. 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 the fragmented table olive sector. The strategy’s geographic focus extends beyond Spain and internationally, where the industry is mainly comprised of medium-sized, family-owned companies.
Francisco Escalante, CEO of Agolives, says: “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, says: “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 olive table market.”
