Iberchem announces change in its controlling shareholders

12-05-2007: Iberchem, a Spanish fragrance & flavour company reports a change of its controlling shareholder through a LMBO (Leveraged Management Buy-Out) transaction. According to the company, Iberchem has experienced significant growth in recent years thanks to substantial investments which enabled the updating and extension of its production capacity & commercial structure.

On 8th November 2007, Capital Alianza, the Spanish private equity investment company founded & chaired by José-María Castañé, acquired an 87.1% equity interest in Iberchem. Two of the company's founders & other key members of the management team acquired the 12.9% balance of the equity.

Renaud Rivain, Vice-President of Capital Alianza, has been appointed Chairman of the Board of Directors of Iberchem whilst Ramón Fernández, Chief Executive Officer, will continue in that position.

The new Board of Directors will direct its strategy at gaining presence in new markets, meanwhile consolidating positions in traditional markets, including through the acquisition of companies in the same sector.