Linklaters advises Carlyle on majority acquisition of Catalan Seidor
Linklaters has advised private equity firm Carlyle in its acquisition of a 60% majority stake in the Catalan tech consultancy firm Seidor.
The remaining 40% of Seidor will stay in the hands of the company’s founding shareholders and executives, including current president Josep Benito, who will continue as executive chairman. The deal, which is subject to regulatory and competition approvals, aims to accelerate Seidor’s growth, with a focus on Spain, the United States, Western Europe, the Nordics, as well as Latin America, the Middle East, and Africa.
Seidor reported a revenue of €894 million in 2023, marking a 19% increase from the previous year, and the company expects to surpass €1 billion in 2024. Seidor is also the largest tech employer in Catalonia.
This acquisition is significant for the tech and private equity sectors, particularly in the current M&A landscape.
The Linklaters team involved in the transaction included lawyers from both Madrid and London offices, led by M&A/PE partner Esteban Arza (pictured left) and Counsel Elena Rodríguez. Key team members also included London-based Banking partner Oliver Sceales, Tax partner Alejandro Meca (pictured right), managing associate Álvaro Albiñana, M&A/PE associate Lucía Herrero, and Banking associate Carolina Abecasis.
