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Announced

Completed

GPF Capital-backed Natural Fruit completed the acquisition of Frugarva for $57m.

Financials

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Transaction Value£42m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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lemons

Acquisition

Spain

Majority

pomegranates

Domestic

Private

Friendly

Food Products

Private Equity

Single Bidder

Completed

Synopsis

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GPF Capital-backed Natural Fruit, a Thai privately-owned fruit wholesaler, completed the acquisition of Frugarva, which produce, process and distribute lemons and pomegranates for $57m. With the integration of Frugarva into The Natural Fruit Company, the combined group now exceeds $243m in turnover and maintains its commitment to a total continuity of the current management team that will help to bring together a unique knowledge of the sector and consolidate the group's position as a leader in the citrus fruit market in Spain and Europe.

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