Cinven picks Spanish berry producer Planasa
After 130 years as a family business, Navarra-based berries producer Planasa sold a majority stake to private equity firm Cinven on Monday, in a €450m deal.
“It’s the first external investment that the company has agreed to,” said a person with knowledge of the deal speaking from Madrid. “The owners, the Darbonne family, have had many opportunities to allow in other partners but have waited until it has been clear that it was needed ...
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