FERTIBERIA SECURES EUR 76M UNITRANCHE REFINANCING FROM KARTESIA
Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce the completion of another Spanish investment in Grupo Fertiberia, currently the largest fertilizer producer in Spain. Fertiberia provides a complete range of fertilizers, services and tools for farming, gardening and the industrial sector.
Kartesia has worked closely with the existing management team, led by CEO Javier Goñi and CFO Juan Navarro and the providers of existing syndicated loans to rework the capital structure and provide unitranche financing of over €75m. The transaction was managed by Jaime Prieto, Managing Partner and Guillermo Ferre, Associate at Kartesia.
Grupo Fertiberia was established in 1995 with the incorporation into Grupo Villar Mir and has since established its position as the producer of the most extensive range of fertilizers in Europe. It also has a global presence in the ammonia and derivatives industry and is known for providing customers with ever-more sustainable and environmentally friendly solutions. The company generates revenues above €800m and currently has a presence in Spain, Portugal, France and Algeria.
The refinancing will enable the management team to continue to take advantage of a pickup in fertilizer prices and to expand its already strong position in the Iberian market. It will also continue to develop its range of more sustainable products as it continues to gain market share in other European countries. The quality of the management team, coupled with the experience of the team at Kartesia, will support the business’ already strong potential.
Fertiberia was advised by Alantra Capital Markets on this transaction.
Jaime Prieto, Managing Partner at Kartesia, commented: “We are very pleased to have partnered with Grupo Fertiberia and its historical bank lenders to support the Company as it builds on its strengths as an essential catalyst for more productive and sustainable agriculture.”
Javier Goñi, CEO of Grupo Fertiberia, said: “We are very excited to be working with Kartesia as we embark on the next stage of growth for the company and were particularly impressed with their collaborative and strategic approach. We are confident that this transaction will fuel our growth and allow us to continue to develop in new markets and with new product ranges, particularly in sustainable agriculture.”