Clifford Chance advises a consortium of private investors, led by Uvesco CEO, on the acquisition of Uvesco from PAI Partners

Global law firm Clifford Chance has advised a consortium of private investors, led by Ángel Jareño, CEO of Uvesco, on the acquisition of Uvesco from PAI Partners. The consortium comprises Indar (Kutxabank’s investment vehicle), Inveready, Stellum, the founding families and the management of Uvesco.

Uvesco, a Spanish food distribution company, operates a network of 344 stores under the BM Supermercados and Super Amara brands, and an e-commerce service. The company’s differentiated model is based on proximity stores, with a strong focus on fresh, high-quality and locally sourced products and a solid presence in northern and central Spain, including the Basque Country, Cantabria, Navarra, La Rioja and Madrid.

The team was led by private capital/M&A partner Samir Azzouzi, senior associate Daniel García Juárez and global financial markets partner Rodrigo Uría, with the support of associate Juan Ibarra. The firm’s multidisciplinary team for this transaction also included James Rodier and Elena Euba, together with a team in Luxembourg led by partner Stefanie Ferring and associates Pierre Bellec and Sadan Ramovic. Miguel Odriozola, Paula Valenciano and Daniel Hernández advised on antitrust matters.