Pérez-Llorca advises on the purchase of Balat by Tecno Fast Group
Pérez-Llorca has advised Tecno Fast Group, Chilean company leader in design, manufacture, assembly, rental and sale of modular spaces in its acquisition of 85% of the Navarre company Balat, to consolidate its entry into the European market of modular construction.
Image: José María de Paz, Felipe Ramírez, Cèlia Roig and Helena Solé-Boet (corporate Pérez-Llorca team)
After receiving authorization from the National Markets and Competition Commission (CNMC) on November 20, both companies today formalized the transaction for 68 million euros by signing the transfer of 85% of the capital of Balat, a Navarre-based company specializing in the manufacture of prefabricated modules, to the South American firm. The remaining 15% will remain in the hands of the Baranda family, its founder and until now the main shareholder.
Tecno Fast has had operations in Spain since 2022, when it acquired 100% of Grupo ALCO, a company based in Barcelona and also dedicated to the manufacture and rental of modular solutions, as well as the rental of machinery and equipment for construction.
The Pérez-Llorca team was formed by: José María de Paz, corporate partner, Juan Jiménez-Laiglesia, competition partner, Norma Peña, tax partner, Felipe Ramírez, corporate lawyer, Jorge Vellido, competition lawyer, Ignasi Montesinos, tax lawyer, Cèlia Roig, corporate lawyer, Helena Solé-Boet, corporate lawyer and Claudia Vallverdú, tax lawyer.
LINK TO SEE THE FINANCIAL ADVISORS OF THIS OPERATION
