Multiply Group signs landmarkinvestment with CVC and PAI Partners to secure a controlling stake (67.91%) in Tendam, with the transaction expected to double Multiply’s operational EBITDA post-consolidation
• Multiply Group establishes new Retail and Apparel Vertical with Tendam as its anchor business, further deepening the Group’s presence in consumer-focused industries.
• Tendam is Spain's second-largest apparel group by market share and one of Europe’s leading omnichannel apparel groups, operating 1,800 points of sale in more than 80 markets including Spain, Portugal, France, UAE and Latin America and brands such as Women’secret, Springfield and Cortefiel.
• This majority stake in Tendam is the latest verticalbuilding investment activity by Multiply Group,having recently deployed approximately AED 1billion to acquire BackLite Media, Excell...