Grupo Balflex Sells to Sakura Global Manufacturer in Strategic Cross-Border Deal
Deal News | Dec 02, 2024 | Iberian Lawyer
Grupo Balflex, a leading international group specializing in hydraulic components, has completed a sale to the Spanish company Sakura Global Manufacturer, significantly backed by the private equity fund, Henko Capital Partners. This transaction involved a complex restructuring across nine countries, including major restructuring activities to establish a new holding company in Spain. Miranda & Associados played a crucial advisory role in this multi-jurisdictional transaction, joined by Ramn y Cajal Abogados in Spain, while Bird & Bird represented Henko Capital. This deal showcases Miranda & Associados’ prowess in handling and coordinating multifaceted legal requirements to effectuate international deals.
Sectors
- Manufacturing
- Private Equity
- Legal Services
Geography
- Portugal – Miranda & Associados, a Portuguese law firm, advised Grupo Balflex as a part of this transaction.
- Spain – The acquiring company, Sakura Global Manufacturer, is based in Spain, and a new holding company for Grupo Balflex was created in Spain.
- United States – The United States is among the nine jurisdictions where Grupo Balflex operates, relevant to its restructuring.
Industry
- Manufacturing – Grupo Balflex operates in the manufacturing sector, specifically focusing on the design, production, and distribution of hydraulic components.
- Private Equity – Henko Capital Partners is a private equity firm involved in the acquisition of Grupo Balflex.
- Legal Services – The transaction involved legal services provided by law firms such as Miranda & Associados, Ramn y Cajal Abogados, and Bird & Bird.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grupo Balflex | Target | Company | An international group of companies involved in the design and production of hydraulic components. |
| Sakura Global Manufacturer | Acquirer | Company | A Spanish company that acquired Grupo Balflex. |
| Henko Capital Partners | Private Equity Backer | Company | A private equity firm that majority-owns Sakura Global Manufacturer, facilitating the acquisition. |
| Miranda & Associados | Legal Advisor to Seller | Company | A Portuguese law firm advising Grupo Balflex in the cross-border sale. |
| Ramn y Cajal Abogados | Legal Advisor in Spain | Company | The Spanish law firm supporting Miranda & Associados in the transaction. |
| Bird & Bird | Legal Advisor to Buyer | Company | The law firm representing Henko Capital Partners in this acquisition, operating from their Madrid office. |