Andros Reinforces Presence in Spain with El Pastoret Acquisition
Deal News | Feb 19, 2025 | Iberian Lawyer
Pérez-Llorca, a prestigious law firm, has advised the French group Andros in its strategic acquisition of a stake in El Pastoret, a premium yogurt manufacturer based in Catalonia. Andros, a family-owned enterprise widely recognized for its presence in the international food sector, aims to fortify its expansion strategy within the Spanish market, particularly in high-end dairy products. This acquisition complements Andros's prior acquisitions, including the purchase of baby food manufacturer Delafruit, and signifies their commitment to capturing greater market share within Spain's premium yogurt segment. These moves are aligned with Andros's growth strategy, leveraging synergies from its established operations and substantial earnings, exceeding 3 billion euros globally. For El Pastoret, this partnership represents an opportunity to amplify its market presence with Andros's backing and expertise, underscored by a reported turnover of 39 million euros and an EBITDA nearing 6 million euros in 2023.
Sectors
- Food & Beverage
- Legal Advisory
Geography
- Spain – El Pastoret is based in Catalonia, Spain, and this acquisition is part of Andros's strategic expansion within the Spanish market.
- France – Andros, the acquiring company, is a French group, involved in expanding its market presence internationally, with a specific focus on Spain in this transaction.
Industry
- Food & Beverage – The transaction focuses on Andros acquiring a stake in El Pastoret, a company in the premium yogurt segment, which is part of the broader Food & Beverage industry.
- Legal Advisory – Pérez-Llorca’s involvement as a legal advisor highlights the industry's role in facilitating M&A transactions in corporate expansions.
Financials
- 3 billion euros – The global turnover of Andros Group.
- 180 million euros – Andros Group’s turnover in the Spanish market.
- 39 million euros – El Pastoret’s turnover in 2023.
- 6 million euros – El Pastoret’s EBITDA in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Andros Group | Bidding Company | Company | A family-owned French enterprise focusing on expanding its footprint in the Spanish premium dairy product sector. |
| El Pastoret | Target Company | Company | A Catalan company specializing in high-end yogurt products, sought for acquisition by Andros. |
| Pérez-Llorca | Legal Advisor | Company | A legal firm advising Andros on the transaction with El Pastoret. |
| Florence Legeay | Partner | Person | Lead partner at Pérez-Llorca involved in advising Andros. |
| Juan José Cánovas, Joan Rello, Carlota Martín | Associates | People | Associates at Pérez-Llorca assisting in the legal advisory for Andros. |
| Sergi Rossines | Legal Advisor | Person | Part of the legal team at Pérez-Llorca advising on the deal. |