Baker McKenzie and Cuatrecasas advise on Abac-Isolana deal

Baker McKenzie advised investment fund Abac Solutions on the acquisition of a 30 per cent stake in building material company Isolana Group, which instructed Cuatrecasas.

The Isolana Group, which operates in 30 locations in Spain, has an annual turnover of €110 million. The company’s products include flooring, and bathroom and kitchen fittings.

Abac Solutions is backed by institutional investors from Europe, the US and the Asia-Pacific region.

Abac Solutions aims to invest in “medium-sized Spanish companies with international projection”, according to a statement.