April's Sale to Royse: A Strategic Move by Abreu Advogados
Deal News | Dec 10, 2024 | Iberian Lawyer
Abreu Advogados, a leading Portuguese law firm, has facilitated the acquisition of Auto Progresso Industrial Lusitânia (April) by Rodamientos y Servicios (Royse), a subsidiary of Axel Johnson International's Power Transmission Solutions group. The transaction sees April, a company crafted through decades of experience in mechanical and electromechanical transmissions, become April Royse Unipessoal LDA. Founded in 1986 near Lisbon, April has built a reputation for its comprehensive range of mechanical products and international reach. Royse's acquisition of April aims to fortify its position in Portugal, while leveraging its established relationships to expand market influence. The transaction was meticulously orchestrated by a multidisciplinary team from Abreu Advogados, highlighting their extensive expertise in corporate mergers and acquisitions.
Sectors
- Legal Services
- Mechanical and Electromechanical Transmissions
- Private Equity and Investment
Geography
- Portugal – April, the target company, was founded and operates in Portugal, making this geography a significant context for the deal.
- Spain – Royse, the acquiring entity, is a Spanish company, indicating cross-border transaction dynamics.
Industry
- Legal Services – The involvement of Abreu Advogados signifies the article's focus on legal advisory services in M&A transactions.
- Mechanical and Electromechanical Transmissions – April is specialized in this sector, highlighting its product offerings in mechanical transmission technology.
- Private Equity and Investment – The transaction involves a consolidation and strategic acquisition, typical of investment and private equity maneuvers.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Auto Progresso Industrial Lusitânia (April) | Target Company | Company | A Portuguese company specializing in mechanical and electromechanical transmissions. |
| Rodamientos y Servicios (Royse) | Bidding Company | Company | A Spanish company part of Axel Johnson International's Power Transmission Solutions group. |
| Abreu Advogados | Legal Advisor | Company | A Portuguese law firm that provided advisory services for the M&A deal between April and Royse. |
| Axel Johnson International | Other | Company | The parent company of Royse, involved indirectly in the strategic acquisition. |