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Capital Alianza Buys Out Iberchem
Posted: December 3, 2007Capital Alianza, the Spanish private equity investment company, has acquired 87.1% equity interest in Iberchem, a Spanish fragrance and flavor company. Founded in 1985 and based in Murcia, Spain, Iberchem sells its products to over 100 countries and owns production facilities in Spain, China, Tunisia, Malaysia, Indonesia and Colombia. Two of Iberchem’s founders and other key members of the management team acquired the 12.9% balance of equity.
Renaud Rivain, vice president of Capital Alianze, has been apointed chairman of the board of directors of Iberchem, while Ramón Fernández, CEO, will continue in his current capacity. The new board of directors will direct its strategy at gaining presence in new markets, meanwhile consolidating positions in traditional markets, including through the acquisition of companies in the same sector.