CMS Portugal and Cuatrecasas advise on the acquisition of IGM Group

Selena Group, a Polish holding company of companies engaged in the production and distribution of chemical products for construction, has acquired 100% of the shares in IGM Group, a Portuguese company engaged in the production and distribution of sandwich panels, with a view to entering the thermal insulation products market.

The acquisition is subject to the fulfilment of certain conditions precedent, including obtaining the consent of the Portuguese antitrust authority and a positive outcome of due diligence. The deal will be completed in stages and aims to expand Selena’s product portfolio and strengthen its position in the Iberian markets. It also represents an important step in implementing Selena Group’s business‑scaling strategy, which is based on mergers and acquisitions – particularly in the thermal insulation segment, states CMS Portugal.

Advisors

CMS Portugal has advised Selena Group. The team was led by Francisco Xavier de Almeida, partner in the Corporate Mergers and Acquisitions practice area, and included senior associate André Guimarães and trainee Henrique Mafra Falcão, all from the Corporate Mergers and Acquisitions team. The team also included, from the Real Estate practice area, partner João Pinheiro da Silva, associate Carlos Henriques Saraiva and trainee Duarte de Castro Rodrigues. From the Competition and EU Law practice area, partner Luís Miguel Romão and associate Maria Joana Faria also participated. Selena’s financial advisor was Oaklins, which had a team composed of managing partner João Beirôco and director Vera Pinto.

The team advising IGM Group was composed of Cuatrecasas M&A partner Samantha Cyrne, with the participation of associate Rodrigo Bastos Peixoto and trainee associate Gonçalo Ferreira da Mata. IGM Group’s management advisor was Origem, represented by Victor Guegues and Leonor Dantas.