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GMQ advises on Grupo Tavex Deal

Gallego Martos y Quadra-Salcedo (GMQ) Abogados advised German investment fund Aurelius AG on the €20m acquisition of the European business of Grupo Tavex, a textile manufacturer in the process of being delisted from the Madrid stock exchange.

The deal involves the sale of Tavex´s businesses in Europe and Morocco (including the subsidiary companies Settavex S.A. and Tavex France S.A.R.L.), but excludes the non-operative real estate assets of Tavex in Spain.

It is estimated that the deal will be finalised in April 2015. Included in the acquisition are a factory, logistics centre and research and development in Spain.

GMQ Abogados advised Aurelius AG on the due diligence, negotiation and drafting of contracts.

The GMQ team – which was led by partner Rodrigo Martos Prat – worked in partnership with Moroccan firm Hajji & Asociés.

 

Ben Cook

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

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