Springwater Capital, LLC completed the acquisition of assets of Adveo EspaNa S.A. from Adveo Group International, S.A..
March 26, 2014 at 12:00 am EDT
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Springwater Capital, LLC signed an agreement to acquire the assets of Adveo EspaNa S.A. from Adveo Group International, S.A. (CATS:ADV) for €16 million on December 30, 2013. The agreement includes the transfer of assets (except buildings) of Adveo Group's manufacturing and distribution activity of processed paper products in its factories in Tres Cantos, Logroño and Aduana, its reprinting activities located in its France and Morocco workshops, the commercial office in Portugal and the transfer of business relations and employees related to that production unit. The transaction is expected to be effective in the first quarter of 2014. Ernst & Young, S.L. acted as the accountant, Lazard Asesores Financieros, S.A. acted as the financial advisor and Marimon Abogados acted as the legal advisor to Adveo EspaNa. Pricewaterhousecoopers acted as the accountant, Banco Bilbao Vizcaya Argentaria, S.A. acted as the financial advisor and Ignacio Gómez-Sancha, Teresa Zueco, Remei of DLA Piper acted as the legal advisors to Springwater Capital, LLC.
Springwater Capital, LLC completed the acquisition of assets of Adveo EspaNa S.A. from Adveo Group International, S.A. (CATS:ADV) on March 26, 2014.
Adveo Group International SA is a Spain-based company. The Company is engaged in the wholesale and distribution of office supplies, services and solutions. The Company's product portfolio includes Printer, Computer accessories, Conference & communication, Office and school supplies, Office machines, Writing and editing, School supplies, Office supplies, Notebooks and pads, Paper and shipping, Paper, Envelopes and shipping, Hygiene Restoration, Security, Furniture and reception products.
ADVEO GROUP INTERNATIONAL, S.A. 
