Grupo Halcón’s Acquisition of Industrial Assets of Cicogres

Cuatrecasas represented Grupo Halcón in the transaction.

Grupo Halcón executed the acquisition—through insolvency proceedings— of the industrial assets of Cicogres, a Castellón-based ceramic tile producer, with a track record of innovation over more than 30 years of operations.

The acquired assets include five modern production lines with large format capabilities, the brand and catalog of Cicogres, as well as the transfer of the company’s current workforce of 166 employees to Grupo Halcón.

This transaction will strengthen the leadership of Grupo Halcón in the global ceramic tile industry, increasing production capacity by 10 million square meters per year, to a total of approximately 50 million square meters—thanks to its 21 production lines (including two new production lines)—and generating sales exceeding €250 million across its three brands.

Grupo Halcón employs more than 600 people across four factories to generate approximately €150 million of revenue. A majority of sales stem from exports to over 100 countries while Spain remains our largest single market. The group’s majority shareholder since 2018 is Falcon Private Holdings, the US-based private investment arm of Jamshid Keynejad and Barry Siadat

Joint teams from the Cuatrecasas Barcelona and Valencia offices advised on the transaction, led by Javier Sánchez (Picture) and Alejandro Payá, with the participation of Víctor Caballero and Álvaro Cuesta (Litigation and Arbitration); Xavier Morera and Jordi Vergoni (Corporate and Commercial); Victoria Villanueva and Andrés Bolás (Labor and Employment); and Carlos Ramírez (Tax).

Involved fees earner: Andrés Bolás Colvée – Cuatrecasas; Víctor Caballero León – Cuatrecasas; Álvaro Cuesta Garayoa – Cuatrecasas; Xavier Morera – Cuatrecasas; Alejandro Payá – Cuatrecasas; Carlos Ramírez – Cuatrecasas; Javier Sánchez – Cuatrecasas; Jordi Vergoni – Cuatrecasas; Victoria Villanueva – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: Halcón Ceramicas;

Author: Federica Tiefenthaler