Investcorp has announced that it would purchase Fritta, S.L. (“Fritta”), a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.

The leading provider and manager of alternative investment products has global activities which are enhanced by two frits manufacturing factories in Spain and Vietnam as well as two glaze mixing units in Italy and Mexico.

Such acquisition is subject to clearance of Spanish competition authorities.

It is worth noting that Fritta will be the second company to be owned by Investcorp in Spain, following the acquisition of Grupo Esmalglass-Itaca in July 2012.

“Fritta and Esmalglass-Itaca successfully target different segments of the market by offering distinct approaches to product quality, design and technical assistance. Given this, the two businesses will continue to be run autonomously,” said President of Gulf Business Mohammed Al Shroogi.

Meanwhile, CEO of Nazca Capital Carlos Carbó noted that “Fritta represents our first exit in Nazca Fund III with excellent returns to our investors.”

“We see a significant international expansion opportunity at Fritta and view Investcorp as ideally suited to back and support our growth aspirations,” said CEO of Fritta Pascual Parra.