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Eurofragrance Acquisition Topic at Venture Capital Forum

Posted: December 6, 2010

Following the recent acquisition of 25% of Eurofragance S.L. by Banco Sabadell, ESADE is gathering leaders from both companies to discuss the transaction at the 19th Venture Capital Forum. Included in the forum are Eurofragance's Santiago Sabatés, CEO and co-founder with his father, Jordi Sabatés, of the company, and Banco Sabadell will be represented by Raúl Rodríguez, who represents Aurica on the board of directors for Eurofragance and was directly involved in the negotiations behind the investment. Additionally, Luisa Alemany, professor in the department of control and financial management at ESADE, will present the case figures, and Miguel Trías Sagnier, managing partner of the Barcelona Cuatrecasas, Gonçalves Pereira office, will also be participating. The event is set to take place on December 10 at the ESADE Forum, Av. Pedralbes 60-62, Barcelona.

Through its investment vehicle Aurica XXI SCR, Banco Sabadell acquired 25% of Eurofragance S.L., based in Rubí (near Barcelona, Spain), whose main activity is the design and production of fragrances and flavors. Its products are primarily aimed at the food, perfumery and personal hygiene industries. Aurica XXI’s investment has been financed through a capital increase, and these new resources will be used to implement an ambitious growth plan, organically as well as through acquisition. As a consequence of becoming a shareholder, Aurica XXI will be incorporated into the board of directors for Eurofragance.