Tendam's Majority Stake Acquired by Multiply Group
Deal News | Jul 24, 2025 | Hogan Lovells
Multiply Group's acquisition of a majority stake in Tendam marks a significant transaction in the private equity and corporate finance landscape. Hogan Lovells, serving as legal advisor, assembled a multi-practice, cross-border team to support the deal. Leading the charge were M&A specialists Alex Dolmans, Enrique de Pablos, Hugo Muñoz, and Ruchi Sharma, backed by a team addressing antitrust and FDI matters. Additional expertise was sourced from Greenhill for M&A advising, KPMG for financial and tax counsel, along with legal counsel from Uría Menéndez, Latham & Watkins, and Hermosilla Abogados for the sellers and company. However, the transaction awaits approval from Bosnian authorities for full efficacy.
Sectors
- Private Equity
- Corporate Finance
- Legal Services
Geography
- Bosnia and Herzegovina – The acquisition's effective status is contingent upon the country's competition authority's approval.
- Spain – Hogan Lovells' Madrid office plays a significant role in the legal proceedings.
- Multiple (Luxembourg, Mexico) – Lawyers from Luxembourg and Mexico offices also contributed expertise to the transaction.
Industry
- Private Equity – The acquisition involves a private equity firm, Multiply Group, highlighting the focus on investment in acquiring company shares.
- Corporate Finance – As the transaction involves M&A activity including financial and tax matters, it is relevant to corporate finance.
- Legal Services – Hogan Lovells provides extensive legal advisory services for this cross-border transaction.
Financials
- – No specific financial details like deal price or valuation are provided in the text.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tendam | Target Company | Company | The entity of which a majority stake is being acquired. |
| Multiply Group | Acquirer | Company | The private equity firm acquiring a majority stake in Tendam. |
| Hogan Lovells | Legal Advisor | Company | Advises Multiply Group in the acquisition deal. |
| Greenhill | M&A Advisor | Company | Acts as the M&A advisor for Multiply Group. |
| KPMG | Financial and Tax Advisor | Company | Provides financial and tax advice for the transaction. |
| Uría Menéndez | Legal Advisor to Sellers | Company | Advises the selling parties. |
| Latham & Watkins | Legal Advisor to Sellers | Company | Provides legal counsel to the selling parties. |
| Hermosilla Abogados | Legal Advisor to the Company | Company | Advises the company involved in the transaction. |