Sherpa Capital, a private equity fund manager focused on mid-sized companies with EUR250 million under management, has has invested in Portuguese company Ferreira de Sá, a producer of tailor-made carpets for the luxury furniture and décor sector.
The acquisition has been made from the founding family, who will remain minority shareholders and continue to be involved in the management of the business.
Founded in 1946 and headquartered in Espinho (Oporto), Ferreira de Sá is a consolidated company in the carpet sector with a clear international vocation that generates more than 80% of its sales abroad.
The Company stands out in the market for the customisation of its products to the needs of each client, the quality of its designs and the optimisation of its delivery times. This value is supported by an excellent team and a production process that combines cutting-edge technology with craftsmanship.
Thanks to the quality of the product and service offered, Ferreira has among its clients large groups in the luxury sector of decoration, fashion and catering, among other markets, with which it maintains long-term commercial relationships.
Following the entrance of Sherpa Capital into the capital of Ferreira de Sá, the company begins a new stage aimed at boosting the growth of its international business through new investments that reinforce the range of products and provide greater production capacity. In addition, Sherpa Capital plans to implement a buy and build strategy that includes bolt-on acquisition to consolidate the sector.
Fernanda Barbosa, CEO of Ferreira, says: “The arrival of Sherpa Capital to our company reinforces our international growth project and further consolidates our position as the European leader in the manufacturing of luxury carpets”.
“We believe that the experience and support of Sherpa Capital are a great tool to reach the objectives of our Business Plan and to position Ferreira de Sá as one of the main luxury suppliers at a global level.”
According to Lars Becker, partner at Sherpa Capital, says: “this investment will strengthen Ferreira de Sá’s position in the market. We want to reinforce the company’s competitive advantages, such as product quality and speed of service. In addition, throughout the project we will count on the wide experience of the current management team (founding family) who will continue to lead Ferreira de Sá’s day-to-day work”.
EY and CS Asociados acted as financial and legal advisors to Ferreira de Sá. BiG and Deloitte acted as financial advisors to Sherpa Capital, and Cuatrecasas as a legal advisor to Sherpa Capital.