Natixis Partners Iberia acted as exclusive M&A advisor to Sonae on the acquisition of Losan, a multinational company based in Spain, specialised in the wholesale of children’s fashion.
Losan is the second wholesale operator in children’s fashion in Spain and is currently a top 3 player in markets such as Italy or Portugal, supported by around four thousand outlets across more than 40 countries. Its international business has grown significantly, namely in Latin America countries, nowadays representing over half of the brand’s turnover, which stood at €58.5m in 2014. The transaction will allow Sonae to develop its core competencies and enable them to expand its business internationally. The transaction will further enable Sonae to strengthen tools and competencies in the wholesale and supply chain areas, developing new business opportunities.