Multiply Group Completes Acquisition of Tendam, Doubling Operational EBITDA and Expanding Global Footprint

Multiply Group Completes Acquisition of Tendam, Doubling Operational EBITDA and Expanding Global Footprint

Tendam is Spain’s second-largest apparel group by market share and one of Europe’s leading omnichannel apparel groups. Tendam’s 12 well-established owned fashion …

New owners push Tendam (Cortefiel) into "aggressive growth strategy" - RetailDetail EU

Spanish fashion group Tendam, which owns brands such as Cortefiel and Springfield, is shifting into a higher gear following its acquisition by Multiply Group. The investment fund from Abu Dhabi is backing an “aggressive growth strategy.” 55 % organic, 45 % investment Tendam aims to double in size by 2030, through acquisitions, digitisation and international expansion. Starting next year, the fashion group expects to grow at double-digit rates, b…

Hogan Lovells advises Multiply Group on Tendam acquisition

Hogan Lovells has advised Multiply Group on its acquisition of a 67.91% majority stake in Tendam from private equity firms CVC and PAI Partners. Tendam, led by Jaume Miquel, is Spain’s second-largest fashion group by market share and owns well-known international brands including Cortefiel, Springfield, Women’secret, and Pedro del Hierro. The deal was signed and closed at Hogan Lovells’ Madrid office, with the firm’s Corporate/M&A team advising …