Seventy Eight Joins Kardham Group in Strategic Acquisition
Deal News | Jan 07, 2025 | Iberian Lawyer
Gomez-Acebo & Pombo advised Grand Sicle 2023, part of the Kardham Group, in its acquisition of Seventy Eight, a Spanish company specializing in Design & Build for luxury clients. This acquisition aligns with Kardham's European expansion strategy initiated in 2019, particularly enhancing its presence in Spain. Seventy Eight's strong foothold in luxury retail and hospitality sectors positions Kardham for substantial growth in these promising market segments. The legal advising team at GA_P included Nicols Ziga, Laura Roda, and Cristina Merino.
Sectors
- Design & Build
- Luxury Retail & Hospitality
- Real Estate & Construction
Geography
- Spain – Seventy Eight is a Spanish company, and the acquisition enhances Kardham's presence in the Spanish market.
- France – Grand Sicle 2023, part of the Kardham Group, is a French entity involved in the acquisition.
Industry
- Design & Build – The acquisition involves a company specializing in Design & Build services, focusing on luxury goods, multinational retailers, restaurants, and high-end hotels.
- Luxury Retail & Hospitality – Seventy Eight operates in luxury retail and high-end hotel sectors, segments that Kardham aims to grow in.
- Real Estate & Construction – The sector is relevant due to the design and construction aspects of Seventy Eight's business model.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gomez-Acebo & Pombo | Legal Advisor | Company | A law firm that advised Kardham on the acquisition. |
| Grand Sicle 2023 | Bidding Company | Company | A French company under the Kardham Group responsible for acquiring Seventy Eight. |
| Kardham Group | Parent Company | Company | A French group focusing on expanding its presence in Europe, particularly in luxury sectors. |
| Seventy Eight | Target Company | Company | A Spanish company specializing in Design & Build projects for luxury clients. |
| Nicols Ziga | Lawyer | Person | Part of the GA_P legal team advising on the transaction. |
| Laura Roda | Lawyer | Person | Part of the GA_P legal team advising on the transaction. |
| Cristina Merino | Lawyer | Person | Part of the GA_P legal team advising on the transaction. |