Its integrationon supposes the creationon de a línational leader in the bathroom sector
Coycama y Becrisa They are two companies in the bathroom sector with strong positions in different segments (furniture, sinks, shower trays, screens, and sanitary ware). Their merger represents the creation of a leading group in the sector.
The entry of Nazca, which has experiencePrior to the sector, this will allow for the promotion of an ambitious growth plan that combines increased production capacity, international expansion, and integration into a single group. The project will continue with the involvement of the Alemany family and Emilio Santis as shareholders and managers, strengthening the team with new additions.
Nazca Capital, a leading private equity investment firm in unlisted Spanish SMEs, has acquired, through its Nazca Small Cap II fund, a majority stakeria in the group formed after the integration of Coycama and Becrisa and other companies.
Coycama and Becrisa have a successful track record in the bathroom sector with a value proposition based on offering quality products at competitive prices and first-class service levels thanks to their significant manufacturing capacity and logistics, with 5 production facilities.
The transaction involves the integration of a total of 4 companies, creating a leading group in the Spanish bathroom sector, with presence in Bathroom furniture (2 factories), Solid Surface sinks, shower trays, screens, sanitary ware and tapsThe combined group has sales of over €40 million and EBITDA of over €5 million. It is a group with an international presence, exporting nearly 30% of its sales to more than 20 countries.eg.
The current partners of both companies, with more than 30 years of experience in this sector, will remain involved in the project.
Nazca already has experience in the sector after its successful investment in McBath. Its incorporation into the company will allow the group to focus on growth in production capacity, with the opening of a new factory in Vinaroz and the expansion of its facilities in Ulldecona and Onda, as well as accelerate its international commercial development. To this end, the group will strengthen its the team with the addition of executives with significant prior experience in the ceramic and/or bathroom sectors. And it is analyzedpossible opportunities to acquire other cComplementary companies, either by clients or by product.
This is the second investment of the Nazca Small Cap II fund, which is in its final phase of fundraising, with the aim of reaching the hard cap target of €220 million.
