teamOn Corporate Finance, a Spanish M&A advisory firm acted as the exclusive advisor, together with his Portuguese partner M. Moura (CNA), to Frutorra, a leading dried fruits company in Portugal, on its sale to Spanish- based Grefusa.
Grefusa a Spanish business group, participated by the German multinational Intersnack, was founded in 1929. The company, with an annual turnover of more than a 100 M€, is dedicated to the production and distribution of snacks, chips and dried fruits, marketing twelve brands of different categories. Its headquarters is located in Alcira, in the province of Valencia.
Frutorra is the market leader in the dried fruits market in Portugal. The company has more than 30 years of experience in the production and sale of dried fruits with an annual turnover of around 22 M€. Frutorra has its headquarters in Desgracias, in the Coimbra region, and employs more than 50 people.
teamOn Corporate Finance has advised the shareholders throughout the selling process in which a controlling ownership stake was acquired by Grefusa.
teamOn is an international corporate finance advisor, with offices in Barcelona, Madrid and Bilbao respectively, specializing in the sale of companies between € 20 and € 100 million turnover volume, real estate investments and advising companies seeking growth capital. The firm is composed of a highly skilled, international team with partners in more than 10 countries and 4 continents.
Link to the article published on Expansión on the 22th of November, 2018
