2iG Capital acted as the financial advisor to 50% of the shareholders of the PROMIC Group, a group of companies dedicated to the recycling of by-products from the manufacture of human foodstuffs for use in the production of raw material for animal feeding, with collection and treatment facilities in Spain (Catalonia and Castilla la Mancha), Portugal and France.
After an exhaustive search and negotiation process, and after achieving several acquisition offers for 100% of the company, some of them with a final valuation of the shares above 10x EBITDA, no divestment operation was closed due to disagreements between the different family branches of the PROMIC Group's shareholders.
Industries: Industrial Goods & Manufacturing, Food Industry
2iG worked on: Strategic advisor, Business development, Corporate strategy, Market research, M&A (Mergers and Acquisitions), Family-owned Business
Related companies: PROMIC, SUEROS Y DERIVADOS, AMBIPROMIC PORTUGAL, APEVAL FRANCIA