September 2006: Caja Navarra, a Spanish savings bank, through its industrial investment arm, completes the acquisition of 47% of Kider Group, the second provider of furniture and equipment for the distribution sector, from the venture capital firm 3i for €33.3 million. The rest of share capital is owned by a family group and part of the management team.

Kider generated revenues of €70 million and an EBITDA of €9.5 million in 2005. Moreover, it has an extensive distribution network covering Spain, France and Portugal, generating 40% of sales abroad. Kider’s new strategy will be focused on strengthening current business lines and development of new market niches.

SOCIOS advises Corporacción Can in the valuation, negotiation with representatives of the shareholders, coordination of advisors, structuring of the transaction and in all those relevant aspects needed for its successful execution.