MCH Private Equity has acquired a majority stake in Madrid-headquartered PVC-O pipe manufacturer Molecor.
The operation includes a capital increase in the company aimed at boosting its international growth as well as developing proprietary technology to increase its product range.
This is the second operation MCH has completed with its fifth fund, the first closing of which took place in June last year.
PWC and Araoz & Rueda advised the sellers on the deal, while Garrigues advised the buyers. The financial and tax review was performed by KPMG and the insurance review by Aon.
MCH Private Equity is a middle market private equity firm - with more than €850 million in assets under management - focused on the “transformation of Iberian-based companies into local and global leaders in their niches.”
MCH Private Equity’s founding partners are Jaime Hernández Soto and José María Muñoz.