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Thursday, February 22, 2024

MAIO Legal advises Grupo Arvamax on the sale of 40% to Suma Capital fund

The transaction has involved the sale of shares of the founders of Grupo Arvamax, who will continue to lead the business, so that the fund manager Suma Capital, through the SC Growth Fund II, acquires 40% of the company.

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Grupo Arvamax, founded in 2013 by five partners, owns the furniture sales portal Atrapamuebles.com, which operates throughout Spain, with more than 60,000 orders per year and a turnover of €19 million in 2021. It has a 60,000 square metre warehouse in La Muela (Zaragoza), where its headquarters are located.

The aim of this operation is to support the growth of the portal with the launch of new product families and to initiate a process of internationalisation, with Portugal and France.

A MAIO Legal Zaragoza team who advised on this deal was led by partner Javier Echávarri, along with senior Elena Martín.

Suma Capital was advised by Augusta Abogados.

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