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Herbex accelerates its international expansion and incorporates Nazca into its shareholding

Herbex accelerates its international expansion and incorporates Nazca into its shareholding

Herbex, leader in Europe in the market of fresh aromatic herbs, has incorporated Nazca Capital into its shareholding.

Jaime Visquert, founder and Managing Director of Herbex, who will maintain a significant shareholding and will continue to lead the management team of the company, will be supported by Nazca’s experience in international growth projects to consolidate the development of the company. Part of Nazca’s investment includes a capital injection to finance the growth plan.

In this new phase, Herbex has the priority objectives of doubling invoicing in four years, consolidating the strong growth it is undergoing in its traditional markets, as well as increasing its penetration in new markets and channels. Herbex therefore plans to invest in expanding production capacity, optimizing its processes, developing new products (e.g. organic, exotic fruit and vegetables) and expanding its management team.

Herbex, founded by Jaime Visquert in 1984, is the leader in Europe in the market of fresh aromatic herbs. In the 2017-2018 financial year, Herbex achieved invoicing of €47 million, of which over 75% is generated outside of Spain. In the last four years, the company has registered double digit growth driven by the increase in demand and the capacity of Herbex to gain a market share, thanks to its extensive range of high quality products and capacity for constant service throughout the year.

Herbex has a large catalogue with all families of fresh aromatic herbs commercialized in different formats and weights for adaptation to the needs of its clients. Its products are ready between 24 and 48 hours after being harvested to be sent to its clients in 26 countries throughout Europe, including to the main food distribution companies and groups of the HORECA channel, for which the company has all certifications.

Herbex, based in El Ejido (Almería), cultivates its products on over 700 hectares, divided between six locations in Morocco, the southeast of the Peninsula and Tenerife, which offers it availability of high quality products throughout the year.

The advisors of the seller were Zechman Capital and Deloitte, while intervening in the operation for the buyer were Pérez-Llorca and EY.