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Interal is a leading player in the Spanish bouillon and soup market

Type of Operation

Buyout

Fund

Fund III & Portobello Secondary Fund II

Investment date

June 2019 / December 2020

Activity

Manufacturer of broths and soups

Interal was founded in 1968 by Franco Rossi and specializes in the production of bouillons and soups, both in dehydrated and liquid format. Since its inception it has expanded its presence throughout Spain and began exporting to European and African markets in the 1980s. Currently, it exports to more than 35 countries across four continents, representing approximately 35% of its current revenue.

The company stands out for its customized solutions, tailored to the needs of each market and client. Interal operates two production plants located in Funes and Lezo, spanning a total of approximately 35,000 m².

 

Why did we invest in Interal?

  • Market Leader: Number one private label provider in Spain, a leader in supplying retailers and discounters
  • International Expansion: Exports drive 35% of revenue, with significant upside to grow by securing new contracts outside Spain and become the co-manufacturer of choice for multinationals (positive industry dynamic)
  • Resilient product: Non-cyclical, essential product portfolio ensures stable demand
  • Seasoned Management: Experienced leadership team with deep sector expertise and proven private equity collaboration

Cost effectiveness: Modern plant for the production of liquid soups and bouillons