Squire Patton Boggs advises Grafton on Mercaluz deal
Squire Patton Boggs has advised Grafton Group plc on the completed acquisition of Mercaluz Group, a Spanish distributor of electrical appliances and air conditioning equipment, in a deal valued at up to €175 million. The transaction, first announced in March 2026, received merger control clearance from the Comisión Nacional de los Mercados y la Competencia (CNMC) before closing.
Founded in 1986 and headquartered in Orihuela, Alicante, Mercaluz Group operates through four entities — Componentes Eléctricos Mercaluz, Mercaluz Hogar, EAS Electric Smart Technology, and Mercaluz Canarias — and serves a broad network of professional customers across Spain.
In 2025, the group reported revenues of approximately €150 million and an adjusted operating profit of €22 million.
The team
The Squire Patton Boggs Corporate/M&A team advising Grafton was led by partner Rocío García, supported by associates Elena Ferrer and Ángel Manzano.
Also the KPMG team was involved. The team was led by Ignacio Font and Martí Tubau on tax due diligence, together with Jordi Hernández and Maria Vos on tax structuring.
