SPAIN – Private equity fund Abac Sustainable Value II FCR (“Abac“) has acquired a majority stake in OB Cocinas with the aim of driving the creation of a leading kitchen furniture manufacturing group in Spain.

OB Cocinas, a family-owned company founded more than four decades ago, is dedicated to the design and manufacturing of kitchen furniture, which is marketed through its specialized distribution network of more than 500 points of sale in Spain. with more than 500 points of sale throughout Spain. The company exports more than 20% of its production and carries out its manufacturing activity in its modern facilities located in Villafranca de Córdoba. Villafranca de Córdoba.

The long and successful trajectory of the founding family in the manufacture of kitchen furniture is combined with the extensive experience of the partners of Abac Capital Manager, SGEIC, S.A.U. (“Abac Capital”). (“Abac Capital”). Abac Capital is the only Spanish mid-market asset manager with B Corp sustainability accreditation.

The investment in OB Cocinas aims to provide the new group with the necessary strategic, operational and financial resources to accelerate its expansion, both organically and inorganically.

Borja Martínez de la Rosa, founding partner of Abac Capital, has stated that “the Spanish kitchen furniture manufacturing sector  has experienced very significant growth in recent years due to the strength  of the domestic market, as well as the successful process of international expansion of some manufacturers. Our ambition is to promote the creation of a new leading group at the national level, relying on the talent of OB Cocinas and based on a sustainable product and high quality service through digitalization, which will be joined by other companies in the sector to accelrate its consolidation.”