SPAIN - AC Desarrollo ups its stake in Musgo to 87.5%

Borja Oria, representing the founding family, retains the remaining stake.

The company's debt has also been refinanced to enable it to pursue its medium and long term development plan.

AC Desarrollo acquired a 47.5% stake of the retail chain Musgo through the fund AC Capital Premier II in the summer of 2006. The total value of the transaction was around EUR 15m and the remaining 52.5% remained in the hands of the founding Oria Riu family.

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• Topics
• Expansion
• Southern Europe
• Consumer