Secondary management buy-out of Iberchem S.A. by Magnum Capital

Clearwater International advised on the secondary management buy-out of Iberchem SA, a Spanish manufacturer and distributor of flavours and fragrances for the food, fine fragrances, household products and personal care industries.

The €80m transaction was backed by Spanish private equity firm Magnum Capital Industrial Partners.

Clearwater International’s chemicals team advised on the MBO process which provided an exit for Spanish private equity firm Capital Alianza Private Equity Investment