PLMJ and Morais Leitão advise on MO and Zippy buyout
PLMJ advised on the acquisition of two companies from the fashion division of the Sonae Group—specifically MO and Zippy— by the former management team (led by Francisco Sousa Pimentel, current CEO of MO), in partnership with the Mercúrio Fund, managed by Oxy Capital. Sonae Group was advised by Morais Leitão.
MO and Zippy—leading retailers in the fashion and accessories sector with over 120 stores in Portugal and part of their business focused on prominent international retailers—will continue to be led by their respective management teams, particularly by Sousa Pimentel.
The transaction is expected to take full effect by the end of the first half of 2025, subject to the usual conditions precedent and legal requirements, notably prior notification to the Portuguese Competition Authority and a non-opposition decision.
The corporate M&A team at PLMJ responsible for this transaction included Duarte Schmidt Lino (pictured), partner and co-head of the practice, Filipa Martinho, senior consultant, Manuel Sequeira, coordinating associate, Leonor Melo Bento, senior associate, and Tiago Belinha, trainee lawyer.
