Clifford Chance and GA_P advises on Grupo Uvesco sale

A consortium of Basque private investors, led by CEO Ángel Jareño and formed by Stellum Capital, Inveready and Indar (Kutxabank), among others, has acquired Grupo Uvesco —owner of BM Supermercados and Super Amara— from PAI Partners.

Uvesco is a food distribution group headquartered in Irún, owner of the BM Supermercados and Super Amara chains, with a network of more than 340 stores and over 7,000 employees across several Spanish regions. The transaction represents the culmination of PAI Partners’ investment cycle in Uvesco and is subject to customary regulatory approvals, states the law firm.

Advisors

Clifford Chance has advised the consortium of private investors, led by Ángel Jareño. The team was under the leadership of private capital/M&A partner Samir Azzouzi (pictured left), senior associate Daniel García Juárez and global financial markets partner Rodrigo Uría (pictured on the middle), with the support of associate Juan Ibarra. The firm’s multidisciplinary team for this transaction also included James Rodier and Elena Euba, together with a team in Luxembourg led by partner Stefanie Ferring and associates Pierre Bellec and Sadan Ramovic. Paula Valenciano and Daniel Hernández advised on antitrust matters.

Also, Gómez-Acebo & Pombo has advised PAI Partners with a team formed by Pablo Fernández Cortijo (partner, pictured right), Andrés Castro, José Luis Rodríguez, Rodrigo Fernández-Chillón, Mónica Montoro, and Víctor Villaverde from the Private Equity / M&A team; Andrew Ward (partner) from the Competition team; Luis Cuesta (partner) and Carles Armiño from the Tax team; Rafael Espinosa and Carmelo Morales from the Banking and Finance team; Carmen García from the Real Estate team; Diego Rizo, Carmen Abad, and Beatriz García from the Employment team; Fernando Trigo and Marta Rey from the Public Law team; Isabel Bandín and Iratze Arrigain from the IP team; and Marta Martínez from the Compliance team.