Jaume Miquel, Chairman and CEO of Tendam, highlighted, “Since implementing the Tendam 5.0 strategy, Tendam has demonstrated exceptional growth, underpinned by the creation of a unique, unrivalled omnichannel ecosystem.
The investment by Multiply Group is an endorsement of that strategy and affords increased capacity for accelerated growth. Likewise, CVC Funds and PAI, through Llano and Arcadian, offer continuity and a strong, in-depth understanding of the company. All of our investors, in partnership with a committed management team, are the best possible guarantee of continuing growth and success.”
Caroline Goergen, Director at Llano Holdings S.à r.l., said, “We are very excited to partner with Multiply Group and continue supporting Tendam in this new phase of growth.
We are very grateful to Tendam’s management team, who have created a unique ecosystem of brands and significantly outperformed the market. We remain enthusiastic about Tendam’s growth prospects and our continued investment.”
Laura Muries, Partner & Head of Spain for PAI’s Flagship Fund, said, “Since our investment in 2017, the partnership with Tendam has been a successful transformation journey, driven by an exceptional team.
Today, Tendam is a leading and highly profitable omnichannel company, with unique access to 24 million customers and consistent above-market growth. We are very happy to continue supporting the company in further developing this new strategy internationally.”
