DeA Capital Alternative Funds has acquired a majority stake in Grupo Ñaming to drive its growth in the Spanish ready-to-eat food market, with reinvestment from current CEO Jorge Miranda.

Target Company Information

Grupo Ñaming, established in 1990 and headquartered in Mallén, Zaragoza, is Spain's leading company in the sandwich and fresh product sector. Over recent years, it has achieved sustained double-digit growth, leading to its solidified position in the market. With an expansive product line that includes not only sandwiches and wraps but also salads, yogurts, smoothies, and desserts, Ñaming boasts impressive revenues of €40.5 million and a workforce of 350 employees. The company is currently in the process of launching a new range of products, further supporting its strategy for diversification and its commitment to innovation and service excellence.

The company operates out of two production facilities, both certified with the International Featured Standards (IFS) Food, capable of producing over 160,000 units daily, while adhering to the highest quality and safety standards. This achievement reflects Ñaming's dedication to maintaining high operational standards and its emphasis on continuous improvement.

Industry Overview in Spain

The Spanish food industry, particularly the ready-to-eat segment, has experienced significant growth, driven by the increasing demand for convenience and quality among consumers. The shift toward