26 04 2016

Catalana Occidente Group acquires the insurance and funeral business of Previsora Bilbaína Group for €125 Million

Cuatrecasas, Gonçalves Pereira advises Catalana Occidente on the deal


The transaction was closed at €125 million, €92 million linked to the insurance business and insurance mediation, and €33 million to the funeral business.  The transaction is subject to authorization by the competition authorities and the Directorate General of Insurance. This acquisition gives Catalana Occidente a Spanish market share in funeral insurance of over 5%. Previsora Bilbaína will retain managerial autonomy and all its employees. Grupo Catalana Occidente, S.A., led by Jose Maria Serra Farre, Jose Ignacio Alvarez Juste, Francisco Jose Arregui Laborda and Hugo Serra Calderon is based in Barcelona. Cuatrecasas, Gonçalves Pereira has advised Catalana Occidente Group on the acquisition through a multidisciplinary team from its Corporate and Commercial, M&A, Competition Law, Intellectual Property, Tax, Litigation, and Labor and Employment Practices. Partners Víctor Xercavins (Picture) and Gerard Correig and associate Roger Freixes led the transaction. Involved fees earner: Víctor Xercavins - Cuatrecasas Gonçalves Pereira; Gerard Correig - Cuatrecasas Gonçalves Pereira; Roger Freixes - Cuatrecasas Gonçalves Pereira;

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