Nazca Capital buys Herbex

Nazca Capital has acquired Spain-based Herbex, a provider of fresh aromatic herbs. 

Herbex, the European leader in the fresh aromatic herbs market, has given ownership to Nazca Capital, one of the leading private equity funds in Spain focused on medium-sized Spanish family businesses. 

Herbex considers as priority objective to double the turnover in four years, consolidating the strong growth that the company is experiencing in its traditional markets, as well as increasing its penetration in new markets and channels, for which Herbex plans to invest in expanding the production capacity, optimize its production processes, develop new products and expand its management team.

Herbex, founded by Jaime Visquert in 1984, is the European leader in the fresh aromatic herbs market. 

Herbex, based in El Ejido (Almería, Spain), harvests its products in more than 700 hectares spread over six locations in Morocco, the southeast of the Iberian Peninsula and Tenerife (Canary Islands), which allows the company to have high quality product availability throughout the year.

The advisers of the selling party have been Zechman Capital and Deloitte, while Nazca were advised by Pérez-Llorca (Partners Norma Peña and Carmen Reyna and senior lawyer Ana Alonso) and EY.