Nexxus Iberia has announced that Nexxus Iberia Private Equity Fund I, FCR has invested in logistics company Maresa Logística.
It is the fourth investment that the fund has made.
Maresa Logística was established last year as a result of the merger of Spanish logistics businesses Marítimas Reunidas (Maresa) and Martín e Hijos.
Maresa Logística’s services include international forwarding, transits and customs management.
The company also has operations in Africa – specifically Equatorial Guinea and Mauritania – and “intends to consolidate its position in the African continent in the coming years, thanks to its leading position in the Canary Islands and its direct presence in strategic spots such as Ceuta and Melilla”, according to a Nexxus Iberia statement.
Maresa Logística has 300 employees, 52,000 square meters of logistics capacity for cross-docking in the “main industrial hubs of the country”, and more than 300 semi-light and heavy vehicles predominately equipped for temperature-controlled transport.
Maresa Logística’s management team is led by Antonio Martín.
In 2019, Maresa Logística received financial and management support from Akana Capital, an investment group with experience in the management of large multinational companies in the logistics sector.
Alejandro Diazayas (pictured), partner at Nexxus Iberia, said: “Nexxus Iberia wants to support with capital and resources the ‘buy & build' strategy of Maresa Logística. We believe in the potential of the company to be a consolidation platform and to pursue an internationalization plan. In our vision, the company is well poised to capture the expected growth in the logistics sector, especially in international trade and controlled temperature transport, high added value niches where the company has a greater competitive advantage."
Juan José Andrés, Akana Capital partner and president of Maresa Logística, said: “The entry of Nexxus Iberia represents the entrance of the ideal partner to carry out our project. We believe that its experience in the sector, thanks to the investment of Nexxus Capital in the Mexican logistics group Traxion, and its financial strength will help to accelerate the growth of the company. We firmly believe in this partnership with Nexxus to complete our value creation plan”.
Antonio Martín, CEO of Maresa, said: “The entry of Nexxus will provide us with the necessary resources to accelerate the strategic plan defined together with Akana Capital. This cooperation represents a great step forward in our plan, which will allow us to progress in the necessary investments for the ambitious project in controlled temperature logistics and forwarding. We are convinced of the support it will represent to continue developing our group, with the sole objective of continuous improvement of the service provided to our customers”.
Nexxus Iberia was advised by Acebo & Rubio Abogados on the deal. BDO and Santiago Mediano Abogados advised Maresa.
Nexxus Iberia’s previous investment was in Spanish advertising company TwentyFour Seven. Prior to that, Nexxus acquired stakes in women’s health business Dorsia, Eva and Origen, and engineering company Fuertes Gimeno Comunicaciones.