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Founded in 1960 and headquartered in Spain, Grupo Palacios is a leading producer of Spanish provenance products and ready meals, and offers a broad portfolio of private label and branded products in four main prod-uct categories: Spanish omelets, chilled pizzas, natural chorizo, and frozen desserts. Grupo Palacios is present in Spain and has developed strong footholds in other countries, mostly in Western Europe and North America. The Group has more than 800 employees, operates five manufacturing plants located in Spain and the U.S., and generated over EUR 200 million of sales in 2018.
"We are extremely pleased to partner with MCH Private Equity, its co-investors and the management of Grupo Palacios, to pursue and accelerate the Group’s growth and internationalization in the years to come", stated Kevin Abrial, Managing Director at LGT Private Debt. "We were particularly attracted by the strategic vision of the management, the leading position of Grupo Palacios in Spain across its five core product categories, and the solid and longstanding relationships the Group has with its clients. We also highly appreciate MCH’s investment expertise in the food industry in Spain and abroad."
Francisco Caro, Partner at MCH Private Equity, said "LGT Private Debt demonstrated its ability to rapidly under-stand Grupo Palacios’ business strengths and market potential, and differentiated through its ability to propose a flexible financing solution tailored both to the requirements of the transaction and to the needs of the business. We believe LGT Private Debt will be a valuable financing partner to support the Group’s development, both or-ganically and through targeted acquisitions."