Cerea Dette II has made two investments in Spain by financing the acquisitions of the Palacios and Gallo groups, leveraging their strong market positions in the food industry.

Target Information

Cerea Dette II has recently made two significant investments in Spain, financing the acquisitions of the Palacios and Gallo groups. These investments mark the fund's third venture in the Spanish market, aligning with its strategy for international growth. They are also the 9th and 10th private debt investments made by Cerea Partners in the current year.

The Palacios group, established in 1960, specializes in producing ready-made meals, fresh foods, and frozen Spanish specialties. It is a market leader in several categories, including omelettes, chorizo, pizza, and frozen desserts. The group not only generates a substantial portion of its revenue in Spain but also has a presence in international markets, particularly France, the U.S., and Portugal.

Palacios boasts a robust client portfolio supported by long-standing commercial relationships and impressive industrial performance, which enhances its production capabilities and facilitates its expansion into various s