| Qualitas Equity Partners fund
Qualitas Venture Capital, S.C.R., and Landon Investments
have acquired the company Bellsolā, the third largest
Spanish producer of pre-cooked frozen bread dough.
Bellsolā products include a wide variety frozen bread,
rolls and pastries that are reheated on-site in bakeries,
supermarkets and convenience stores.
The investors aim to maintain the growth achieved in
the last years by Bellsolā and to provide it the
necessary resources to undergo new investments in the
future.
The operation has been structured as a LBO, with Bank
of Scotland underwriting all of the acquisition debt,
both senior and mezzanine. Invercaixa advised the seller
in the transaction.
Bellsolā closed the year 2002 with sales of 42
million and an EBITDA greater than 5 million.
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