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DeA Capital takes over sandwich maker Ñaming

A transaction estimated at around 50 million euros.

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The national leader in the manufacture of fresh sandwiches has just been acquired by the Italian private equity firm DeACapital Alternative Funds SGR. Ñaming, founded in 1990, has just signed a binding agreement with Talde Private Equity, the group’s majority shareholder, to purchase the shares through its Taste of Italy 2 investment fund.

As a result of this transaction, which aims to boost the company’s growth in the Iberian Peninsula over the coming years, Talde Private Equity, which owned 90% of the company, will exit the group’s shareholding, while CEO and founding family member Jorge Miranda will remain as a minority shareholder.

The company, headquartered in Mallén (Zaragoza), has managed over the last few years to lead in the manufacture of fresh products such as sandwiches, snacks and salads with sustained double-digit growth. In 2023, it had a turnover of 36 million euros, 22% more than a year earlier, with an ebitda of 5.3 million euros, according to its latest accounts filed with the Mercantile Register.

Taking into account the economic status of the company, the valuation of this operation subject to approval by the National Markets and Competition Commission (CNMC) is around 50 million euros.