CubeCold Expands with Frimercat Group Acquisition
Deal News | Apr 04, 2025 | Iberian Lawyer
Pérez-Llorca has advised CubeCold, Europe's premier provider of cold storage and logistics solutions, on acquiring the Frimercat Group, a significant player in the frozen logistics sector based in Barcelona. This strategic acquisition underpins CubeCold's broader growth ambitions, focusing on expanding its logistics reach in Spain. Frimercat, a key operator in Mercabarna, manages over 50,000 pallet positions and employs over 170 people. Through this acquisition, CubeCold aims to bolster its presence in the Spanish logistics market, aligning with its portfolio management strategy across Benelux, the UK, and Italy. The advisory team from Pérez-Llorca included several corporate partners and lawyers aiding in the seamless execution of this strategic transaction.
Sectors
- Logistics and Cold Storage
- Corporate Advisory Services
Geography
- Spain – Frimercat Group is based in Barcelona, Spain, and its acquisition helps CubeCold strengthen its presence in the Spanish market.
- Europe – CubeCold operates across Benelux, the UK, and Italy, indicating its expansive European presence in logistics.
Industry
- Logistics and Cold Storage – The acquisition involves CubeCold, a company specializing in cold storage and logistics solutions, and Frimercat, recognized for its frozen logistics operations.
- Corporate Advisory Services – Pérez-Llorca provided legal and advisory services during the acquisition, representing vital corporate advisory roles in the M&A process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CubeCold | Bidding Company | Company | Europe's leading provider of cold storage and logistics solutions. |
| Frimercat Group | Target Company | Company | A key player in the frozen logistics sector in Spain, based in Barcelona. |
| Pérez-Llorca | Legal Advisor | Company | Pérez-Llorca is a law firm that advised CubeCold on the acquisition. |