Preludio Partners acquired 100% of Envases Sanz Belda

After working together at Aptimus Capital, investment professionals Andrés Garrido and Curro Fita launched Preludio Partners at the beginning of 2025. In less than a year, they completed their first acquisition in December 2025, acquiring 100% of the Spanish packaging company Envases Sanz Belda.

The transaction was supported by 14 national and international investors, including Vonzeo Capital, Ventura Search Capital, Evolutiq, Spectra Investments, and Secways, among other experienced private investors from the SF and industrial ecosystems. The deal structure combined equity and bank financing, with leverage representing approximately 50% of the total transaction value. Debt financing was provided by Cajamar through a six-year loan facility.

While the exact transaction value remains confidential, the acquisition represents a generational transition for a company founded in 1969, with a long-standing track record in the industrial packaging sector.

Based in the province of Valencia, Envases Sanz Belda specializes in manufacturing rigid packaging solutions such as high-quality plastic containers for industrial and commercial use, offering varied sizes, colors, and decorative finishes to meet diverse customer needs. The company serves the chemical, food, paint, and construction sectors domestically and across the European Union. Envases Sanz Belda generated €11,9M in revenue in 2024 and €2,5M in EBITDA.

Legal: DLA Piper