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JAUSAS advises on the sale of Grupo Previsora Bilbaina to Catalana Occidente

07/04/2016
El despacho de abogados JAUSAS ha asesorado a los principales accionistas del Grupo Previsora Bilbaina en la venta del negocio asegurador al Grupo JAUSAS Law Firm has advised major shareholders of Grupo Previsora Bilbaina on the sale of the insurance business to Grupo Catalana Occidente for 74 million Euros. The transaction has been completed with the acquisition of the insurance mediation company and the funeral services company, amounting to 18 and 33 million euros resp... El despacho de abogados JAUSAS ha asesorado a los principales accionistas del Grupo Previsora Bilbaina en la venta del negocio asegurador al Grupo JAUSAS Law Firm has advised major shareholders of Grupo Previsora Bilbaina on the sale of the insurance business to Grupo Catalana Occidente for 74 million Euros. The transaction has been completed with the acquisition of the insurance mediation company and the funeral services company, amounting to 18 and 33 million euros respectively. JAUSAS has provided a multidisciplinary team of professionals in M&A, Commercial and Corporate Law, Competition, Labor and Tax Law, with deep knowledge of highly regulated sector as the insurance sector is. "JAUSAS has advised Grupo Previsora Bilbaina since many years within its strategy to support leading companies in highly complex activity sectors. This transaction completes the success story of a group that has an important recognition by providing death insurances", say María Luisa de Alarcón and Nieves Briz, the JAUSAS’ partners who have led the advice. Other advisors involved in the transaction are the following: KPMG Corporate Finance on behalf of Previsora Bilbaina and Cuatrecas Gonçalves Pereira and Arcano on behalf of Grupo Catalana Occidente. With over 65 years of history, the Grupo Previsora Bilbaina is a prestigious operator in the Basque Country (Spain), which has more than 350 employees and operates in two large business headed by Grupo Previsora Bilbaina and Grupo Arroita, which includes the activity in funeral services.

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