Subscribe to unlock this article
Thanks for your support.
In May of this year, Enrique Moreno de la Cova launched SF Grupo Bocanegra with backing from Spanish and international investors, including Beka Finance, AIJ Global, Itaca Capital Partners, Atiud, Visse Capital, Aniol, and Aracnet Partners, amongst others. In less than five months, he identified and completed the acquisition of Trans Sev, a family-owned company dedicated to freight transportation for over thirty years. This somewhat atypical transaction in the SF sector led most investors to opt for a step-out. However, Enrique successfully closed the deal with a few strategic investors, also participating in the investment himself. The transaction was leveraged with debt provided by La Caixa.
Founded in the mid-70s, Trans Sev operates in logistics, offering a full range of transportation services, including parcel delivery, consumer goods, refrigerated goods, and more. It holds a highly significant position in Andalusia, with facilities spanning over 25,000 m², including a warehouse, loading docks, surface parking for its fleet, a maintenance workshop, workspace, and offices. The company currently has its own fleet of over 100 vehicles and transports goods both nationally and internationally, generating more than €8M in revenue.
While the investment horizon will likely align closer to a long-term hold model, the company does not rule out growth through a build-up strategy in the future if other attractive opportunities arise.
Legal: Bufete Barrilero y Asociados / Financial DD: Andersen
