Houlihan Lokey Advises The Engineered Stone Group (2)

Houlihan Lokey is pleased to announce that The Engineered Stone Group (The ES Group) has acquired mcbath, a leading Spanish manufacturer of engineered stone shower trays, washbasins, bathtubs, and panels, from Nazca Capital.

The ES Group is a global leader in the production of engineered stone bathroom products. It provides the broadest offer of brands and high-quality products, combined with a commitment to outstanding customer service and the scale to meet customer needs and invest in continued product innovation. Led by Chief Executive Officer Brian McCluskie, The ES Group comprises Acquabella, a premium branded supplier of engineered stone shower trays and wall panels; Marmite, an European private-label manufacturer of basins, bathtubs, and shower trays made from engineered stone; and F&D Group, a Spanish producer of branded and private-label shower trays and panels. The company was established by The Cranemere Group, a holding company focused on building high-quality businesses for the long term.

The Cranemere Group is a holding company focused on partnering with industry-leading operating teams in essential industries to build high-quality businesses. As a pioneer in professionally managed long-term capital, it provides experience, expertise, and global networks to support the growth of its companies and create value for all its stakeholders. The Cranemere Group is headquartered in London and has offices in New York and Washington, D.C.

Founded in 2006 and headquartered in Valencia, Spain, mcbath is a specialist in the manufacturing of middle-to-high-value stone resin shower trays, complementing its product range with high-end washbasins, bathtubs, and panels. The company has a strong international presence through a broad external commercial network, diversified sales channels, and a loyal customer base.

Founded in 2001, Nazca Capital is a leading private equity sponsor in Spain with more than €500 million of funds managed and 60 transactions.

The acquisition of mcbath is the latest in a series of strategic acquisitions made by The ES Group in 2020. Houlihan Lokey has served as the exclusive buyside M&A and financing advisor to The ES Group in each case.