La Gaviota Alimentación sold to Aperitivos Snack
Deal News | Jan 16, 2025 | Iberian Lawyer
URA Urquiza Abogados, a specialized business law firm, has advised La Gaviota Alimentación in its business sale to Aperitivos Snack. La Gaviota, established by the Prez Alonso family over four decades ago, is a notable player in the Canary Islands food sector, especially in nuts and dried fruits, under brands like Isola. Aperitivos Snack, a key manufacturer and distributor in the food market, aims to enhance its market position and diversify its offerings with this acquisition. The transaction was supported by URA Urquiza Abogados, based in Gran Canaria and Tenerife, with financial guidance from Cross Capital. Key legal figures involved were Sonia Urquiza Royo and Toms Ramrez Apolinario.
Sectors
- Food and Beverage
- Legal Services
- Financial Advisory
Geography
- Spain – Spain is relevant as the location of the companies involved, with La Gaviota Alimentación based in the Canary Islands.
- Canary Islands – The Canary Islands are significant as the base for La Gaviota Alimentación and URA Urquiza Abogados, thus pivotal to the transaction.
Industry
- Food and Beverage – This industry is relevant as both La Gaviota Alimentación and Aperitivos Snack operate within the food sector, specializing in the manufacture and distribution of consumer food products.
- Legal Services – The involvement of URA Urquiza Abogados in advising La Gaviota Alimentación on the sale highlights the role of professional legal services in M&A transactions.
- Financial Advisory – Cross Capital providing financial advice denotes the significant role of financial advisory in structuring and executing the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| La Gaviota Alimentación | Target Company | Company | A leading company in the Canary Islands' food sector, particularly in the nuts and dried fruit market. |
| Prez Alonso Family | Owner of Selling Company | People | Founders and previous owners of La Gaviota Alimentación for over 40 years. |
| Aperitivos Snack | Bidding Company | Company | A key player in the manufacture and distribution of consumer products in the food market. |
| URA Urquiza Abogados | Legal Advisor | Company | A firm specializing in business law, advising La Gaviota on the sale process. |
| Sonia Urquiza Royo | Managing Partner | People | Participating legal advisor from URA Urquiza Abogados. |
| Toms Ramrez Apolinario | Managing Associate | People | Participating legal advisor from the commercial law department of URA Urquiza Abogados. |
| Cross Capital | Financial Advisor | Company | Provided financial advisory services for the transaction. |