VALENCIA. Nexxus Iberia, a private equity fund manager, has taken a significant stake, although less than 50 percent, in Chef Sam to accelerate and enhance its expansion and international growth.
Chef Sam is a brand management, agency and distribution company operating in high-growth verticals in the consumer goods industry.
Founded in 2016, Chef Sam has a commercial presence in 11 countries in Europe and Latin America, with a turnover of nearly 30 million euros in 2021 and 70 employees. It operates as a platform for consumer products for the expansion (national and international) and the development of businesses and brands, for which it provides distribution, consulting, marketing, point-of-sale management and product development services, among others.
Chef Sam supports sustainable and healthy food concepts from brands that aim to scale their businesses internationally and that rely on the company for their product launch strategies, innovation through new categories, and implementation plans.
It is owned and led by a management team that includes José Cano, Bernard Hours and Rafael Esteve, with extensive experience in the consumer and advertising sectors and with a clear international profile who have built a unique business model in Spain. Now they want to boost their business internationally, especially in Europe.
Alejandro Diazayas, partner of Nexxus Iberia, considers that “the investment in Chef Sam represents another key milestone in our plan and proves our strategy as financial partners. We are supporting a brilliant team of entrepreneurs with a remarkable level of knowledge, with a high strategic vision and the ambition to become a market leader”.
For his part, José Cano, founding partner and CEO of Chef Sam, thanked “the entire Chef Sam team and network for their support and effort from the moment we started this company in 2016. We are convinced that the entry of Nexxus Iberia in the capital will strengthen our business and the value proposition to our customers and partners in the long term.”
Nexxus was advised on the transaction by Grant Thornton (due diligence and legal) and V4 Financial Partners (M&A buyside).