Cubers Premium S.L.

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Cubers Premium S.L. - overview

Established

2001

Location

Madrid, -, Spain

Primary Industry

Logistics & Distribution

About

Cubers Premium S. L. is a manufacturer and distributor of high-quality ice products designed for both consumer and commercial sectors, catering specifically to the hospitality and food service industries. Cubers Premium S.


L. specializes in producing and distributing various types of ice products. Founded in 2001 and headquartered in Madrid, Spain, the company has undergone a strategic merger in May 2018 with Procubitos Europe SL. The company's leadership includes CEOs Giorgi Mezhlumiani, Juan Bartels, and Mohamed Ossama.


The latest funding round raised EUR 0. 50 mn from Torsa Capital, matching the total amount raised to date. Cubers specializes in the manufacturing and distribution of various types of ice products tailored for both consumer and commercial use. Their core offerings include a range of ice cubes in several formats: XL cubes designed for enhanced cooling, standard ice cubes for general purposes, crushed ice for cocktails, and spherical ice for premium presentation.


All products are made from purified water, ensuring a high-quality cooling capacity that lasts longer and does not dilute beverages. Cubers serves a diverse clientele in the hospitality, food service, and retail sectors, providing essential ice solutions for bars, restaurants, and events. In 2019, Cubers generated revenue of EUR 6,749,332. 80 with an EBITDA of EUR 528,449.


60. The company operates primarily through direct transactions with businesses in the hospitality sector, wholesalers, and retailers, emphasizing efficiency and convenience with a straightforward ordering system. Cubers aims to expand its market presence by launching new ice products and targeting additional geographical regions for growth. The recent funding round completed in May 2018 will support these initiatives, following the merger with Procubitos Europe SL, enhancing their product offerings and market reach.


Current Investors

Procubitos Europe SL, Buenavista Equity Partners

Primary Industry

Logistics & Distribution

Sub Industries

Food & Beverage Distribution

Website

www.cuberspremium.com

Company Stage

Merged

Total Amount Raised

Subscriber access only

Cubers Premium S.L. - financials

Fiscal Year EndedDec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019
Revenue (USD)3,337,621.54,780,260---
% Revenue Growth (YoY)-43.2%---
EBITDA (USD)504,071.5495,564.9---
Operating Income (USD)339,691117,702.2---
Operating Margin10.2%2.5%---
% EBITDA Margin15.1%10.4%---
NET Income (USD)188,466.7(8,101.1)---
% Net Margin5.6%(0.2%)---

Cubers Premium S.L. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedProcubitos Europe SL-
MergerCompletedCubers Premium S.L.-
Secondary BuyoutCompletedCubers Premium S.L.-
Unspecified RoundCompletedCubers Premium S.L.-

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Cubers Premium S.L. - employee data

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