PKF Attest

Corporate Finance

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Armangué, a Catalan group specialized in the manufacture and sale of steel and rebar for construction, has acquired 100% of Hierros Arrate for a confidential amount.

Hierros Arrate, based in the Basque Country, specializes in the production of rebar for the construction and civil works market.

The transaction will allow Armangué to increase its presence in the north of the peninsula, gaining weight in the area of Navarra and the Basque Country, one of its main markets along with Catalonia and the south of France.PKF Attest has acted as financial and legal advisor to the sellers.

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Arania, part of the Arania Group, consolidates its leadership in Southern Europe as a precision cold-rolling mill and supports its continued growth strategy through the successful acquisition of Thyssenkrupp Materials Processing Lamincer S.A.U.

The newly named LAMINCER PRECISION STEEL will become part of the ARANIA GROUP and will strengthen its cold rolling division.

PKF Attest has advised the Arania Group in the analysis and valuation of the transaction, due diligence processes together with the structure and negotiation of the terms and conditions of the transaction.

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Vaillant, a German company leader in the air conditioning sector, with a workforce of more than 17,000 employees and an annual turnover of about 3.7 billion €, has acquired 100% of the shares of Vaigas, a company responsible for the technical service and maintenance of Vaillant equipment in the geographical area of Guipúzcoa.

The acquisition is part of Vaillant's technical service and maintenance integration strategy in Spain. The transaction will enable Vaillant to strengthen its presence in Guipúzcoa, where Vaigas has a strong market penetration.

PKF Attest 's financial and legal team has advised the sellers throughout the sale process, which has included the valuation and structure of the transaction along with the negotiation of its terms and conditions.

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PKF Attest reinforces its Corporate Finance team with the incorporation of Javier Martínez López and Juan Diego Martínez de Aguilar in the Madrid office. With these new additions, the team has more than 16 professionals located between the offices in Bilbao and Madrid.

Javier Martínez has more than 30 years of experience in the areas of corporate banking and alternative financing. He has worked at ACISA, Bankinter, Bravo Capital and Findango Finance. In the last 4 years he has offered alternative financing solutions to companies in both working capital and long term, as well as bilateral, syndicated and bank financing.

Juan Diego Martínez will provide financial advice on M&A transactions and capital raising. He has more than 30 years of experience in investment banking and corporate banking. He has worked at GBS Finance in cross-border M&A transactions between Spain and Mexico. Previously, he was at HSBC and ABN AMRO as Senior Banker, in charge of IBEX companies at a global level in the electricity, construction and energy sectors.

In the last fiscal year, PKF Attest 's Corporate Finance area has executed exclusively M&A transactions worth more than 375 million euros in various sectors such as: healthcare, insurance, e-commerce, energy, industry, consulting and HVAC engineering.

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The QbD Group, a private Belgian company offering comprehensive support to Life Sciences companies, has acquired a majority stake in Spain's Azierta for an undisclosed amount in which PKF Attest Corporate Finance acted as financial advisor.

Azierta, headquartered in Madrid, is a life sciences and healthcare consulting firm focused on pharmacovigilance, compliance and GxP, regulatory affairs, audits and certification, and scientific and medical affairs.

The acquisition is part of QbD Group's growth strategy in the life sciences and healthcare sector. The transaction will enable QbD Group to strengthen its presence in Spain, where Azierta has strong market penetration and brand recognition.

Our firm's Corporate Finance team, experts in valuations and transactions, participated in the transaction.