MHS Corporate Finance acted as financial co-advisor to Eurofred on the divestiture of Horeca Global Solutions to TEFCOLD
Grupo Eurofred, a Spanish wholesaler of heating, ventilation and air conditioning equipment, has divested its subsidiary Horeca Global Solutions, a Barcelona-based foodservice equipment distributor, to TEFCOLD, a Danish manufacturer of freezer and refrigeration equipment . Clairfield International acted as exclusive financial advisor to Eurofred. To read more about the transaction, please visit here.
About Horeca Global Solutions
Horeca Global Solutions is a well-known distributor of commercial cooling and other Horeca products in the Iberian Peninsula. The company is based in Barcelona with 21 employees in Spain and Portugal and warehouses in Barcelona and the Canary Islands. Horeca Global Solutions supplies products to the foodservice industry, such as refrigeration equipment, freezers and display cabinets, as well as washing, cooking, pizza, ice-cream, pastry, and beverage machinery.
About TEFCOLD
The TEFCOLD Group is headquartered in Viborg, Denmark and has 170 employees in 10 countries. TEFCOLD sells to over 6,000 customers. The supply chain is handled from eight warehouses in Europe with deliveries of more than 170,000 coolers to around 100 countries globally. The addition of Horeca Global Solutions to the TEFCOLD Group will strengthen the group and help them serve its customers better, faster, and more competitively going forward. This transaction also marks an important milestone for its growth and expansion strategy across Europe.
