Garrigues and Lawesome advise in the sale of a majority stake in Embutidos Ríos to a group of investors led by Whitehole

Garrigues and Lawesome have advised in the sale of their company Embutidos Ríos to a group of family offices and prestigious businessmen, led by Whitehole.

Embutidos Ríos is a family business located in Villarcayo (Burgos), specialized in the production and commercialization of Burgos black pudding with PGI (Protected Geographical Indication). Founded in 1930, it is managed by the third generation of the family and has a team of 85 people and a turnover of over 10 million euros.

The Basque family office Whitehole, founded by Alejandro Ormazabal, specializes in investments in small and medium-sized companies. It does this by taking direct stakes in leading niche companies with high growth potential. This fund has led the acquisition of Embutidos Ríos to boost its development in the food sector. The founding family of Embutidos Ríos maintains part of its stake in the company and continues to manage it. Together with Whitehole, a large group of family offices and prestigious businessmen have participated in the operation.7

Advisors

Garrigues has advised the buyers, with a multidisciplinary team composed of professionals from various areas of expertise. From the Corporate team, Ricardo Villanueva Vielba and Jose Miguel Pinillos acted as partners, alongside Vicente María Del Arenal Barroeta, senior associate. The Tax team was represented by Jose Francisco Arrasate Roldan, partner, and Sandra Relloso Ramos, senior associate. From the Employment team, Raúl Vázquez Ruiz, partner, and Julen Fonseca Gatzagaetxebarria, principal associate, contributed their expertise. Finally, the Administrative Law team was led by Patricia Palacios Pesquera, partner, with the support of Silvia Minguez Rivero, principal associate.

Lawesome has advised the Ríos Family. The operation, led by Mikel Mendiola, has counted with the participation of all the commercial, labor and tax team of Lawesome.