Jamieson is pleased to announce that it has advised CEO Pedro Dominguez and the wider management team of Palacios on its acquisition by MCH Private Equity and Ardian from Carlyle.
Palacios is a significant company in Spain in the products of Spanish provenance and ready-meals sectors, including categories such as chorizo, Spanish omelettes, refrigerated pizzas and frozen desserts. In 2018 the company had a turnover of over 200 million euros and currently employs more than 800 people. The group operates four production plants located across Spain and one in the United States (Florida).
Jose Basabe, David Kirkpatrick and Daniel Meschaninov advised the management team on the terms of their reinvestment and new equity incentive.