- Agrovin is the Spanish leader in the production and distribution of natural ingredients, systems, and technology for the oenological sector. It has more than 60 years of experience developing in-house solutions for the sector and is present in over 20 countries with its own delegations in Italy, France, Portugal, the United States and Romania,.
- MCH’s entrance seeks to support the company and the management team in achieving its growth plan, developing its international presence and increasing its portfolio of innovative products for other segments.
Alcázar de San Juan (Ciudad Real), October 18th, 2022 – Agrovin is the Spanish largest supplier and one of the European leaders in the manufacturing and distribution of natural ingredients for the oenological sector, as well as in the development of systems and technology. It is also a supplier of products and machinery for other sectors such as, food sector, industrial and pharmaceutical, among others. MCH Private Equity, through its funds, has invested in Agrovin with the aim of supporting the management team in achieving the company’s future plans and accelerating its international expansion. MCH has been investing in the agri-food sector in Spain and Portugal for years, having performing investments in companies such as Europastry, Aquanaria, Brasmar, Conservas Garavilla (Isabel, Cuca), Llusar, or Palacios, among others, and is willing to put this experience at Agrovin’s service in a sector with high relevance in the Spanish economy.
This transaction demonstrates the commitment of MCH to the Spanish wine sector, which is of great importance in economic terms with exports worth more than 3,000 million euros per year. According to the paper prepared by KPMG for the Spanish Wine Interprofessional Organization (OIVE) “Spanish Wine Sector Strategy 2022-2027”, that was presented in July, it is established as the main strategy to position Spain as a global wine referent. This plan expects that Spanish’s wine exports increase by 40%, reaching 4.3 billion euros by 2027. With respect to the domestic market, the goal is to grow sales at 3% per year between 2022 and 2027, increasing turnover from €2.3 billion recorded in 2021 to €3.7 billion in 2027.
After the entry of MCH, Agrovin’s management team, led by Germán León, will continue with its current growth plans based on i) contributing to guarantee the quality of the wines from the different wine regions of Spain in order to boost wine sales inside and outside our borders, ii) supporting international expansion in existing and new geographies and iii) continuing to be a leader in technological innovation, which has led the company in recent years to become a referent in the wine industry.
Germán León, Chairman of Agrovin, says: “At Agrovin, we are fully focused on accompanying our customers throughout the entire winemaking process and, to this end, we have a highly qualified and motivated team that is continuously looking for new ways to offer the best services and products together with the most pioneer technology. With MCH, we gain experience and new valuable resources that will help us to reach our business goals faster.”
Ramón Núñez, Senior Partner of MCH, comments that “thanks to its commercial network in Spain and its subsidiaries in geographies with large wine production output as well as to its thorough commitment to R+D+i, Agrovin has all the foundations to strengthen its position both in Spain and internationally. In MCH we have unparalleled precedent cases and strong experience to support Agrovin in this new phase of growth.”
Agrovin is present in more than 20 countries, including France, Italy, Portugal, the United States, Romania, Chile, Argentina and New Zealand, among others. In recent years, the company has experienced strong growth, driven especially by its strong commitment to innovation, which has enabled to position itself as a benchmark in R+D+i. Agrovin is a pioneer in the development of cutting-edge technology that seeks to improve winemaking processes and wine quality in a sustainable manner, helping wineries to be more responsible.
The company, based in Alcázar de San Juan (Ciudad Real), has been working for more than 60 years to diversify its business, offering products, technological equipment and laboratory services of the highest quality. Currently, the company has more than a thousand references that cover all the needs of its customer portfolio and a highly qualified technical team with extensive experience in the sector. In addition, Agrovin has developed a strong activity in R+D+i having invested more than 35 million euros during the last 10 years, as a result of which, it has obtained more than 36 patents at national and international level, in collaboration with research centers and universities of great prestige.
Currently, the winemaking sector is in continuous evolution and requires a great effort to meet the current macroeconomic trends. Keeping this in mind, Agrovin works every day to improve the winemaking process of the future by developing new products and systems that allow wineries to become more digital and efficient, while taking care of the quality of their wines.
Agrovin’s legal advisor in the transaction was the law firm Cobo Serrano. MCH has been advised by KPMG in the Due Diligence, Roland Berger and Ossorio Oenoconsulting in the commercial part of the business and Uría Menéndez as legal advisor.
About Agrovin
Grupo Agrovin is the global and strategic partner of wineries, with more than 60 years of experience in the natural ingredients focused in the oenlogical sector as a technical advisor and supplier of products, systems and machinery, helping winemakers to define the character of their wines in line with market trends.
Founded in 1957 in the heart of La Mancha, it has presence in more than 20 countries with its own delegations distributed along the main wine regions of the world. A pioneer company in innovation with the largest laboratory in Spain plus an R+D+I department with a team of highly qualified professionals, specialized in the development of products, systems and proprietary patented machinery, working to improve the winemaking of the future, focusing on energy efficiency, digitization of processes and 4.0 technology.
It is also a supplier of products and machinery for other sectors such as food, industrial and pharmaceutical sectors, among others.
About MCH Private Equity
MCH is a private equity fund manager founded in 1998. The company manages more than 1.2 billion euros through different funds, being one of the five largest private and independent private equity groups in Spain. The fund focuses their activity on acquiring significant stakes in companies of relevant size in the Iberian Peninsula, referents in their industries and managed by solid professional teams, with the aim of boosting their growth and internationalization.
MCH is currently investing its fifth fund, having completed in the last two years investments in Molecor (development of molecular orientation technology applied to pressurized water pipelines), Prosur (natural ingredients for the food industry), Llusar (production, sale and marketing of high-end citrus fruits) and Logalty (digital and electronic signature), among others.
