Econocom Group SA/NV (ENXTBR:ECONB) entered into an agreement to acquire 66.66% stake in Caverin Solutions S.L. from three private investors, including Managing Director Jaime Villanueva on December 18, 2015. Jaime Villanueva will hold the remaining minority stake post acquisition. Caverin Solutions will be fully integrated into Econocom group. Caverin Solutions recorded turnover of approximately €14 million in 2014 and will continue under the management of its current Director General, Jaime Villanueva. Auren, Investment Banking Arm acted as financial advisor for Econocom Group SA/NV. PwC acted as due diligence advisor in the transaction. Steve Hess of Uría Menéndez Abogados, S.L.P. acted as legal advisor to Econocom Group and Zorrilla Collados, Abogados y Asesores Tributarios acted as legal advisor to other party in the transaction.

Econocom Group SA/NV (ENXTBR:ECONB) completed the acquisition of 66.66% stake in Caverin Solutions S.L. from three private investors, including Managing Director Jaime Villanueva in January 2016.