MADRID Dec. 6 () –
Artá Capital has agreed to take over the capital of Viokox, a family company based in Picassent (Valencia), a leader in the formulation and manufacturing of cosmetic products, they reported in a joint note.
Eduardo López will continue as a relevant shareholder and president of Viokox in the new stage, in which Artá Capital will contribute to strengthening the growth plan through a “commitment to R&D, internationalization, the quality of customer service, the expansion of product range, the increase in production capacity and will explore potential acquisitions of complementary companies that contribute to strengthening the group’s competitive position, with the aim of turning it into one of the leading platforms in the sector.”
After Ferreira de Sá and Onix, the entry into Viokox becomes the third investment of the new Artá Capital vehicle, which has a final size of 400 million euros.
Artá Capital pointed out that Viokox fits perfectly within its investment strategy, “consisting of supporting international growth projects in Iberian companies with the help of entrepreneurs and families.”
Oquendo Capital has participated as a financing entity of the operation. KPMG (financial and due diligence advisor) and Uría Menéndez (legal advisor) have advised Artá Capital. Alantra (financial advisor) and Romá Bohorques (legal advisor) have done it with Viokox.
With more than 35 years of experience in the sector, Viokox invoices around 40 million euros annually, with a gross operating result (Ebitda) of close to six million euros.
The company counts among its clients the main retailers and large international brands and has achieved strong geographical diversification, with close to 80% of its sales outside Spain.
Viokox has a production facility inaugurated in 2018, which involved an investment of more than 15 million euros and equipment with state-of-the-art technology designed to guarantee maximum efficiency and quality in each process.
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