Andersen advises Syrsa and Almina on the purchase and sale of 13 BMW and Mini dealerships in Andalusia

Andersen has advised the Seville-based company Syrsa and the principal shareholder of the automotive group Almina (formerly Catsa, Comercial Autotractor) on the purchase and sale of 13 BMW and Mini dealerships across five Andalusian provinces.

The transaction includes five BMW dealerships, five Mini dealerships, and three BMW Motorrad dealerships, with locations spread across the provinces of Seville (three), Jaén (two), Córdoba (two), Granada (two), and Cádiz (one). These dealerships generate an annual revenue of €175 million, selling 4,900 new and used vehicles and 500 motorcycles each year. Their workforce, comprising 250 employees, will be integrated into the Syrsa group. This is one of the largest recent transactions in the automotive sector in Andalusia.

Andersen has advised both parties in the transaction. The advisory team for the seller was led by Marta Morales, partner and Head of Corporate and M&A at Andersen in Andalusia, with Francisco de Paula Díez, senior lawyer, and Candela Guerrero, associate. For the buyer, the advisory team included Corporate and M&A Partner Santiago Fuertes and Álvaro Silva Mejías, Of Counsel in the Tax area, along with David Goya, Senior Lawyer.