MCH Private Equity and Ardian completed the acquisition of an 80% stake in Grupo Palacios for €250m.

MCH Private Equity and Ardian completed the acquisition of an 80% stake in the food company Grupo Palacios from the Carlyle Group for €250m ($281m). Grupo Palacios is one of the leading companies in Spain in the sectors of products of Spanish tradition and prepared food, including categories such as sausages, Spanish omelet, refrigerated pizzas, and frozen confectionery. "We are enormously excited to join the management team of the Palacios Group in this new stage and we hope to contribute, together with our co-investors in the operation, such as Ardian and Unigrains, to further enhance the company's growth, both organically through innovation, as through acquisitions, both in Spain and abroad, where we think that Grupo Palacios has great potential, " José María Muñoz, MCH Partner.