Multiply Group Acquires Majority Stake in Tendam (via Castellano Investments)
February 25, 2025
Multiply Group PJSC agreed to invest via a capital increase to secure a controlling 67.91% stake in Castellano Investments S.À R.L., the owner of Tendam Brands S.A.U and other Tendam subsidiaries. The acquisition positions Tendam as an anchor platform for Multiply’s Retail & Apparel vertical and is expected to double Multiply’s operational EBITDA post-consolidation.
- Buyers
- Multiply Group PJSC, Llano Holdings S.À R.L.
- Targets
- Tendam, Castellano Investments S.À R.L., Tendam Brands S.A.U
- Platforms
- Multiply Group PJSC
- Industry
- Retail
- Location
- Spain
- Transaction Type
- Buyout
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