Abac Solutions acquires majority stake in Iberfrasa

Private equity fund Abac Solutions has acquired a majority stake in Spanish cleaning product manufacturer Iberfrasa.

Posted Thursday, September 3rd 2020
Abac Solutions acquires majority stake in Iberfrasa

Federico Conchillo

Iberfrasa manufactures personal hygiene and household cleaning products for the retail sector. It is headquartered in Quintanar de la Orden (Toledo) and has more than 300 employees.

Iberfrasa's founding partner Francisco Rubio will retain a significant stake in the company and will lead the business together with the current management team.

Abac was advised by PwC, Attalea Partners and Herbert Smith Freehills. The seller was advised by KPMG and Garrigues.

Abac's investment will aim to provide Iberfrasa with the necessary resources at a strategic, operational and financial level to develop its strategic plan and enter its next growth phase.

Rubio said: "The entry of Abac into the shareholding will allow Iberfrasa to take advantage of the multiple growth opportunities that are being generated in the current environment.”

Federico Conchillo, partner at Abac Capital, said: "Iberfrasa is a company highly valued by its customers due to the high quality of its wide range of products, its production and commercial flexibility, as well as its excellent level of service. In a stable and resilient market, Iberfrasa has experienced significant growth in recent years. We are very happy to partner with Francisco Rubio, a reference in the industry, who will continue to bring great value to the project.”

Iberfrasa Abac’s ninth investment in Spain. The fund allocates up to €50 million per transaction to support “solid companies that can benefit from a new local shareholder with a global vision that provides sectorial and management experience”.