Clearwater International advises Sorefoz on its sale to TESTA Group
Clearwater International has advised the founding shareholders of Sorefoz on the sale of an 81% stake in the business, to TESTA Group.
Sorefoz is a leading operator in the distribution of home appliances, telecommunications and micro informatics, in Portugal. The company intervenes in the market as a purchasing centre, providing services such as logistics, to a network of c.260 associated retailers with a common identity (Tien 21 and Confort), with c.1,200 independent retailers, and other players in the market.
TESTA Group is a holding company invested in several business areas, including natural smoke ventilation and daylight solutions, fire and smoke curtains, doors (fire-rated, acoustic, security, bullet protection), fire glazing systems (passive fire protection), heat resistant products (furniture/fit-out), and wholesale/retail.
With this acquisition, TESTA Group becomes the Portuguese market leader in the wholesale appliances sector, following the acquisition of Macorlux last year.
Adviser to Sorefoz on its sale to TESTA GroupView more