The consortium of Basque buyers acquires Uvesco, proprietor of BM Supermercados and Super Amara | Companies | EUROtoday

The consortium of personal buyers, led by the CEO of Uvesco, Ángel Jareño, signed a personal settlement this Tuesday with the PAI Partners fund to accumulate 100% of the corporate, proprietor of BM Supermercados and Super Amara.

The definitive closure of the operation is scheduled for the primary quarter of 2026, as soon as the mandatory administrative procedures in these processes are accomplished, as reported by the corporate in an announcement.

The French fund PAI Partners grew to become a part of Uvesco in December 2021 when it acquired simply over 70% of its capital. Uvesco has indicated that, with its “agreed exit” with the consortium led by the present CEO, Ángel Jareño together with different administrators, the Group recovers native possession.

Among the buyers that can make up the consortium after the acquisition from PAI Partners are, together with Ángel Jareño, the founding households, Stellum Capital, Inveready and Indar Kartera, Kutxabank’s monetary automobile.

This settlement represents a “clear commitment to the roots, continuity of Uvesco’s business model and its long-term sustainable growth”, whereas, as the corporate has highlighted, it consolidates a enterprise mission “faithful to its founding values”.

An operation that happens after the failed sale of the Uvesco group to Carrefour in December 2024, which was obtained with aid by the Basque Government, which trusted that the initiative of those buyers would go forward.

Ocean Capital and Evercore have participated as normal advisors to the buying consortium, along with Clifford Chance and EY within the authorized part.

Currently, Uvesco has 344 institutions and a workforce of greater than 7,000 individuals. It operates within the Community of Madrid, Ávila, Guadalajara, the Basque Country, Navarra, Cantabria and La Rioja. Its technique is dedicated to development in its variety of supermarkets, its geographical enlargement and high quality employment, “at the same time reinforcing its social and sustainability commitment.”

In May of this 12 months, it introduced the enlargement and growth plan for the BM mannequin, which included the launch of 25 new initiatives. In 2024, the Uvesco group achieved report development of 10.6%, with a turnover of 1,186 million euros