spot_img
Saturday, January 28, 2023
spot_img

Andersen advises Lausan on its sale to AAG

Andersen has advised Lausan, the main distributor of multi-brand spare parts in Spain, on the sale of the company to the international group Alliance Automotive Group (AAG)

-

The transaction, after more than a year of negotiations, has been closed with the sale of 100% of Lausan Group (Lausan+Soulima) with all its assets, including all its warehouses and delegations, to Alliance Automotive Group, while the management of the company will remain unchanged.

Lausan, currently majority-owned by members of the Group’s founding families, has activities in Spain and Portugal.

Founded in 1953, Lausan operates a comprehensive network of 31 branches under the Lausan banner, supported by its national and regional distribution centres in Spain. Following the acquisition of the Portuguese company Soulima in 2019, Lausan also operates a network of 6 branches in Portugal under the Soulima banner, supported by two distribution centres respectively based in Lisbon and Porto. Headquartered in Bilbao, location of the national distribution centre, as well as the national shared service centre, Lausan Group achieved €112 million net sales in 2021. Lausan is confident that AAG brings the necessary resources to drive Lausan’s next phases of growth for the benefit of its employees, customers, and suppliers.

Ander Beldarrain, CEO of Lausan said “We are proud of all the achievements of Lausan since its foundation in 1953 that have allowed us to become the leading provider of automotive spare parts distribution services in the Spanish market. We are pleased to become a part of one of the leading aftermarket groups in Europe which will enable us to continue to grow and to invest in marketing, IT and product development to service our customers even better in the years to come.”

Andersen advised with a team led by Corporate/M&A partner Jaime Aguilar, along with same department associate Mayo Torres.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Jones Day announces new Corporate leadership

As practice leaders, they will coordinate and oversee the firm's transactional work worldwide, including both the firm's M&A and Private Equity subpractices. These appointments,...

Linklaters advises on first high yield transaction in Europe in 2023

Tereos is a leading global agro-industrial cooperative specialising in the sourcing and processing of agricultural raw materials. The company is present in 127 countries...

Linklaters advises IVIRMA on its €3bn sale to KKR

The US fund has signed the acquisition of the Spanish company, a world leader in infertility treatments, eleven months after the transaction was announced,...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
error: