GED, a private equity group specialized in the middle-market segment in Spain, today announced the sale of its stake in Nekicesa Packaging SL (Nekicesa) to essentra, a company that is listed on the London Stock Exchange and is part of the FTSE 250 index.
With two facilities in Madrid, Nekicesa is the leading Spanish company in the sector of pharmaceutical packaging. The acquisition of Nekicesa, free of cash and debt, adds production capacity and value-added services to Essentra's presence in Barcelona.
With this operation, GED Capital completes the divestment of its GED Iberian B fund, established in 2012. GED Capital is building its new private equity vehicle GED VI Spain, which made a first closing of 100 million euros in March of this year . The fund, which has a target size of € 175 million, follows the same strategy as its predecessor.
