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.