The Fund Vallis Sustainable Investments II, FCR announces that it has taken a stake in Raclac, S.A., a Portuguese company that manufactures disposable nitrile gloves and sells disposable medical devices.
With this transaction, the Fund Vallis Sustainable Investments I, SCA, SICAR will retain its 50% stake in Raclac, S.A., while the Fund Vallis Sustainable Investments II, FCR acquires 30%. The remaining 20% stake will continue to be held by Pedro Miguel Costa, CEO and Founder of Raclac, S.A.
The entry of the Fund Vallis Sustainable Investments II, FCR into the capital of Raclac, S.A. is a vote of confidence in its strategy, the main thrust of which is now to accelerate the commercialization of the R-Advance glove in the domestic market and in the main markets of Europe and the Middle East.
This investment is intended to accelerate the growth of Raclac S.A., continuing the ambitious project recently completed with the creation of the first exam glove factory in Europe.
The company’s focus on production innovation, combined with unique packaging solutions, has culminated in the development of an unparalleled product on the international market, the R-Advance glove, which has unique attributes such as an AQL (Acceptance Quality Limit) of just 0.25, the lowest in the sector worldwide.
The production line is fully automated, without human intervention, and operated in a controlled environment that mitigates the presence of particles and contaminants, in contrast to the characteristics of conventional production lines established on the Asian continent.
“We are very pleased with this investment by the Fund Vallis Sustainable Investments II, FCR in Raclac, S.A., a company with an innovative and disruptive product whose industrial facilities are absolutely unique, a clear example of the best that Industry 4.0 in Portugal is capable of achieving, and also evidence of what is possible when Capital and Management Talent come together and act in a spirit of partnership, as is the case at Raclac.
As is well known, the risk of contamination in hospital or clinical environments is a growing concern among the main healthcare operators, healthcare professionals and patients themselves. The adoption of the R-Advance glove can substantially mitigate this risk, as well as generating substantial savings for the entities that adopt it, as it reduces the current levels of waste in the consumption and effective use of conventional examination gloves.
Our aim is for the company to continue to grow, now capitalizing on the full potential of this innovative production line!” says Eduardo Rocha, CEO of Vallis Capital Partners, SCR, S.A.
This operation is subject to approval by the Portuguese Competition Authority.
About Raclac, S.A.
Raclac, S.A. is a Portuguese company founded in 2007, which began its activity in the commercialization of disposable medical products for the health sector and industry, including, among others, gloves, masks, caps, balaclavas, ribbons, shoe covers, slippers, suits, hospitalization and visiting kits, gowns, parades, pants, skirts, shorts, underwear, thongs, aprons, cuffs, beard covers and bibs. In 2018, Raclac, S.A. embarked on an ambitious project to manufacture nitrile examination gloves, building the first factory in Europe dedicated to this purpose.
About the Fund Vallis Sustainable Investments II, FCR:
The Fund Vallis Sustainable Investments II, FCR, regulated by the CMVM, is a Private Equity Fund managed by Vallis Capital Partners, SCR, S.A., with a capitalization of 151 million euros.
The Fund Vallis Sustainable Investments II, FCR acts in accordance with socially responsible criteria, giving priority in its investment strategy to companies in market segments with high growth potential.
This transaction benefits from the support of the European Union under the Equity Facility for Growth established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020), as well as from the support of the EGF (Pan European Guarantee Fund), implemented by the European Investment Fund with the financial support of the participating member states. In addition, the operation was cofinanced by the Fundo de Capital e Quase Capital (FC&QC) and by the Fundo de Fundos para a Internacionalização (FFI), both managed by Banco Português de Fomento, S.A.
About the Fund Vallis Sustainable Investments I, SCA, SICAR:
The Fund Vallis Sustainable Investments I, SCA, SICAR is a Private Equity Fund managed by Vallis Sustainable Investments I, GP, S.à.r.l., with a size of 75 million euros.
The Fund is based in Luxembourg and is regulated by the Luxembourg Financial Supervisory Commission, CSSF.
