News

Learn about the current financial news from the leaders at GBS Finance.

GBS Finance strengthens its presence in LatAm

Luiz Maia joins the Corporate Finance team, provinding more than 40 years of experience in Investment Banking. GBS Finance, which this year celebrates its 30th anniversary, has about 370 operations advised to date and more than 100 professionals spread over 10 offices in different countries. The incorporation of Luiz Maia reinforces GBS Finance’s growth strategy in Latin America.

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GBS Finance advises Bright Food on the sale of GM Food to Transgourmet (Coop group, Switzerland)

Transgourmet, the wholesale division of the Swiss group Coop, closed on the purchase of 100% of the capital of the Catalan distribution company GM Food, owned until now by the Chinese: Bright Food. The transaction marks the entry of Transgourmet into Spain, and thus reinforces its position as one of the leaders in the European market for wholesale distribution and wholesale self-service.
GM Food had a turnover of over € 1,100M last year. They have 2,400 employees and a network of 70 cash & carry centers. In addition, they operate as a wholesale distributor for 800 food stores with the brands Suma, Proxim and Spar as well as another 2,500 additional establishments. Transgourmet is present in Switzerland, Germany, France, Poland, Austria, Romania, and Russia. They had a turnover of €7,372M in 2020 and have over 28,000 employees.

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