Quest Holdings Secures 70% Stake in Benrubi for EUR 27.2 Million
Deal News | Nov 01, 2024 | CEE Legal Matters
Quest Holdings, a prominent Greek conglomerate with diverse interests in information technology, renewable energy, and courier services, has successfully acquired a 70% stake in Benrubi, a notable home appliances and household goods company, for EUR 27.2 million. This acquisition was facilitated with the assistance of the legal advisory team at Lambadarios and Grant Thornton, while Potamitis Vekris provided legal counsel to the sellers. This move is indicative of Quest Holdings' strategic efforts to bolster its presence and influence across varied sectors, particularly in the consumer goods domain.
Sectors
- Information Technology
- Renewable Energy
- Consumer Goods
Geography
- Greece – Both Quest Holdings and Benrubi are Greek companies, underlining the regional significance of this transaction.
Industry
- Information Technology – Quest Holdings' involvement in IT marks this industry as a significant aspect of the conglomerate's operations.
- Renewable Energy – Quest Holdings operates within the renewable energy sector, highlighting its commitment to sustainable development.
- Consumer Goods – Benrubi's specialization in home appliances and household goods places this transaction within the consumer goods industry.
Financials
- EUR 27.2 million – The acquisition price for a 70% stake in Benrubi.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Quest Holdings | Acquirer | Company | A Greek conglomerate with diverse interests in IT, renewable energy, and courier services. |
| Benrubi | Target Company | Company | A Greek company specializing in home appliances and household goods. |
| Lambadarios | Legal Advisor to Buyer | Company | Provided legal advisory services to Quest Holdings for the acquisition. |
| Grant Thornton | Advisor | Company | Collaborated with Lambadarios to advise Quest Holdings on the acquisition. |
| Potamitis Vekris | Legal Advisor to Sellers | Company | Reportedly advised the sellers in the transaction. |