SPAIN - Catalana d'Iniciatives acquires Cadena Q

Catalana d’Iniciatives has led the EUR 20m MBI of the clothing retail chain Cadena Q. Other investors include the private equity fund EBN Vaccaria FCR, the founding family of Cadena Q and two external executives. Catalana and EBN invested EUR 10m and EUR 4.3m respectively to take a 68% majority shareholding. The founding Muñoz family holds 23% after reinvesting EUR 5m, while the new management team, led by the managing director Concha Galatas and the financial director Carlos López, holds the remaining 8%. The transaction was supported by debt financing provided by the mandated lead arranger EBN Banco de Negocios along with Caja Castilla-La Mancha, Bancaja, Caja Granada, Banesto, Bancantabria and Banco de Valencia.