"Malanti" A deal with a deal with "CVC" and"BAI"For a 67.91% stake in "Tadam"
Abu Dhabi, February 25/ WAM/ Meliplaly Group announced its approval to invest by increasing the capital, which enables it to obtain a 67.91% controlling share in the Castillao Investment Company Ltd., which owns the company Tendam Brands SAU and subsidiaries The other, to become the largest shareholder in the company, along with “Lanu (Llano Holdings S.à RL) and Arcadian Investments S.à RL, two institutions investment companies for the CVC and PAI (PAI), respectively, have a minority stake in a minority share In “Tadam”.
Tandam is the second largest clothing collection in Spain in terms of market share and one of the most leading multi -channel clothing collections in Europe.
The Malateli Group will lead the next stage of “Tandam” growth, focusing on international expansion and strengthening the group’s multi -channel work system.
The deal will remain dependent on the approval of the competent organizational authorities and enhance the Mamteli Group, through this investment, its presence in the retail and clothing sector, considering that “Tandam” is a pillar of this new expansion.
This deal is the first major investment of the group in Europe, and an important geographical expansion, which will enhance its position within the consumer -focused companies.
Samia Bouazza, CEO and Director General of the Mustablay Group, said that the majority share in “Tandam” achieves three strategic goals for the Mustablay Group, as it allows us to move forward in our commitment to achieving the growth of two betrayals in profits before benefits, taxes, destruction and consumption and constitute our first entry into the retail sector And clothes, a field that we target for the great growth capabilities of it. Finally, this acquisition is a practical step within our plans to expand globally, which puts the group in a strong strategic location to strengthen its international portfolio in the coming years.
For his part, Jaomi Mikel, Chairman and CEO of Tandam, said that the company has proven, since the launch of the “Tandam 5.0” strategy, its exceptional ability to achieve growth, supported by building an integrated and distinctive multi -channel system. The investment of the “Mustablay Group” reflects strong confidence in this strategy, and contributes to enhancing the possibilities of the company’s accelerating growth. He added that in a similar way, the “CV” and “BAI” boxes via “Lanu” and “Arcadi” contribute to providing rich stability and experiences of the company’s business, while our investors and our committed administrative team are the best guarantee of permanent growth and success.
Tandam is one of the leading companies in the retail clothing sector for multiple vendors, as it has a wide presence in approximately 80 countries across 4 continents, with more than 1,800 selling points and its business portfolio includes 12 private brands, mainly concentrated in the comprehensive market sector.
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