Private equity fund Realza Capital has acquired a majority stake in Gary's Uniforms , one of Spain's leading designers, finishers, and marketers of workwear for specialty stores, boasts a strong positioning in terms of design, quality, and price. Luis Martínez, founder and CEO of Gary's, maintains a substantial stake and will continue to lead the company in the future.
Founded in 2001 and headquartered in Vélez Rubio (Almería), Gary's has experienced strong growth in recent years thanks to its renowned design, wide product range, and excellent service, which translates into high customer repeat business. By 2023, it expects to reach a turnover of €22 million with a workforce of approximately 100 employees.
Realza Capital will support Gary's' ambitious development plan, which aims to double sales over the next four years by expanding its target sectors and continuing to expand its international business in neighboring European countries. To this end, the company plans to invest in new facilities that will guarantee expansion potential, improve process efficiency, and maintain its excellent customer service.
One to One (Corporate Finance) and Arwood (legal) advised the Company, while Grant Thornton (legal) advised Realza Capital. Due diligence was conducted by Grant Thornton, EY, KPMG, and Baker Tilly, among others.
Realza Capital ( www.realzacapital.com ) is a private equity fund manager founded in 2008, specializing in investments in mid-sized Spanish companies with over €300 million under management. The funds managed by Realza Capital primarily rely on renowned international institutional investors, as well as Spanish institutional and family investors. Realza Capital is comprised of a professional team with over 100 years of experience in private equity, having invested in 43 companies since 1989.