The agreement reached between both companies aims to accelerate growth in Spain y la expansión internacional and Berioska’s international expansion. The current shareholders will retain a minority stake in the company. Gerd Loewen, an executive with extensive experience in the consumer goods sector, will join as both shareholder and CEO.

 What is Berioska’s core business?

Founded in 1981, Berioska is a family-owned company headquartered in Cheste whose core activity is the development and manufacturing of cosmetics and personal care products for the mass market, marketed under the Babaria brand.
The company generates over €55 million in revenue and offers a wide product range across categories such as sun protection, facial care, hair care, and body care. It employs around 250 people and operates through its own subsidiaries in Colombia, Mexico, and Peru.

Source: Expansión

What will Corpfin Capital’s management bring to Babaria?

Alberto Curto , Managing Partner of Corpfin Capital, highlights: “After analyzing various opportunities in the cosmetics and personal care sector, we identified in Berioska distinctive capabilities in the development and manufacturing of new products, as well as significant potential in its Babaria brand. Based on these pillars, we aim to build our growth plan in Spain and strengthen our international presence, positioning Babaria as a cross-category, benchmark brand for consumers seeking smart, natural, and sustainable consumption.

Gerd Loewen, the new CEO of Berioska, states: “I am very excited to join a highly solid and ambitious project, where I will contribute to the existing team with my experience in the sector to further develop Babaria, focusing on product quality and innovation in order to position the brand as a global benchmark for consumers.”

Who advised on this transaction?

Divestment recorded a volume of €2,049M (at cost) after closing a total of 295 deals. The independent private equity firm Corpfin Capital was advised on this transaction by Deloitte and Garrigues, while Berioska’s shareholders were advised by The Vector Company, Ferrer & Duyos, Sanz-Daza Asesores y Zurbano + CaracasThe transaction was financed by BBVA and Oquendo Capital.

Want to know more?

Corpfin Capital invests in Berioska – Capital-riesgo.es
Corpfin toma el control del fabricante de Babaria – Expansion.com
Corpfin Capital y Babaria – Webcapitalriesgo.com
Corpfin Capital adquiere Berioska para impulsar ‘Babaria’ en el exterior – Alimarket.es