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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