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Tuesday, May 21, 2024

Puig Bordas advises Ecoceutics on its sale to Hygie31

Puig Bordas Legal has advised the partners of the Ecoceutics company on the negotiation and formalization of its sale to the French holding company Hygie31

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The Ecoceutics pharmacy network is one of the leading groups and one of the main pharmacy chains in Spain. Headquartered in Barcelona, it has 156 affiliated pharmacies, basically from the areas of Barcelona, Girona and the Balearic Islands, an annual turnover of €200 million, and a management team of 18 employees.

For its part, the French holding company Hygie31, is specialized in health and wellness, is the first French player to export its pharmacy model to Europe. Supported by the investment fund Five Arrows Principal Investments, the French company has managed to get its 6 own brands, 700 associated pharmacies, 52 opticians, 24 medical supply stores and 2 online parapharmacy websites to invoice €1,700 million in 2021.

Puig Bordas Legal’s team advising Ecoceutics (sellers), was led by managing partner Oriol Puig Bordas.

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