Hayfin and Strategic Value Partners, LLC and its affiliates, have reached an agreement to provide a €465 million senior secured term loan to support the management–led acquisition of Uvesco from PAI Partners. Uvesco is a leading regional food retail group in Spain recognized for its high-quality fresh–product offering, local sourcing and customer service. The transaction was led by the Uvesco management team, backed by key Spanish institutional investors, and positions the company for its next phase of growth under long–term local ownership. Terms of the transaction were not disclosed with closing expected to occur following customary closing and regulatory approvals.
“This transaction marks an exciting milestone for Uvesco, following the team’s hard work over many years to build a strong, locally–rooted business with a clear identity, high–quality offering and deep commitment to the communities we serve,” said Ángel Jareño, CEO of Uvesco. “With the support of Hayfin and SVP alongside our regional partners, we are now well–positioned to accelerate our growth while still preserving the values that define us. We look forward to beginning this new chapter together.”
Uvesco was founded in 1993, following the merger of two family-owned businesses. It operates more than 300 supermarkets across the Basque Country, Cantabria, Navarra, La Rioja and Madrid; under the brand names BM and Super Amara.
Also Read: Permira and Warburg Pincus to Acquire Clearwater Analytics in $8.4 Billion Transaction
“We are delighted to support Uvesco as it continues to build on its historic strong track-record of operational excellence and its clear strategy for long-term expansion,” said Ahmed Khan, Managing Director, European Structured Capital at SVP. “This transaction highlights SVP’s ability to provide compelling flexible capital solutions in support of management–led ownership transitions. We look forward to partnering with Angel and the Uvesco management team on this next phase of growth.”
“Uvesco is a portfolio company we have been proud to support over the past three years, and our participation in this transaction is a natural continuation of that relationship,” said Diego Jimenez-Blanco, Managing Director at Hayfin. “This investment reflects Hayfin’s long-term commitment to partnering with strong, locally rooted businesses in Spain, and we are delighted to continue backing Ángel and the broader management team as the company moves into its next phase of growth.”
SOURCE: PRNewswire
