Sell-side advisory

Advisor to PAI Partners on the sale of Uvesco

AZ Capital acted as financial advisor to PAI Partners, a leading European private equity firm, in the sale of its majority stake in Grupo Uvesco, S.A., one of the leading food retail groups in Spain, operating the BM Supermercados and Super Amara supermarket chains.

PAI Partners initially acquired a majority stake in Uvesco with the aim of supporting its strategic expansion and value-creation strategy in a fragmented market, a transaction in which AZ Capital also acted as financial advisor. Under PAI’s ownership, the company significantly expanded its store network and strengthened its operational and financial performance.

PAI Partners sold its majority stake to a consortium of investors led by Uvesco’s management team together with leading Basque investors, with final closing of the transaction expected in early 2026.

Sector: Consumer Goods and Retail