In an agreement to acquire 70% of the share capital of Benrubi SA. Quest Participations advanced, for a price of 27.2 million euros, with the total investment potentially reaching 29.2 million euros. in the next year, due to the provision for the return of additional value to minority shareholders linked to the future results of Benrubi SA.
The agreement provides for the possibility of acquiring the remaining 30% in 2027. The completion of the sale is subject to terms and conditions, including the necessary notifications or approvals from the competent authorities.
Benrubi SA in 2023 presented sales of 25 million euros, EBITDA of 5.2 million euros and EBT of 3.8 million euros. while in 2024 it is estimated that an increase in these sizes will be achieved. Benrubi SA has a 140-year history in the domestic equipment sector and is a leader in the distribution of household appliances, household appliances and personal care products. Quest Holdings’ financial advisor for the transaction was Grant Thornton, while Lambadarios Law Firm was the legal advisor.
Deloitte was the Financial Advisor to Benrubi SA for the transaction, while POTAMITIS/VEKRIS was the Legal Advisor.