Transaction

Clearwater advises Panificadora Costa & Ferreira on its sale to Tagus Bread

Transaction

Panificadora Costa & Ferreira sold to Tagus Bread

Sell-side

Undisclosed

Role

Adviser to Panificadora Costa & Ferreira on its sale to Touriga

Sector

Food & Beverage

Region

Portugal

Clearwater has advised the founding shareholders of Panificadora Costa & Ferreira, on the sale of 100% of its shares to Tagus Bread. Touriga and a group of renowned investors have joined forces to support this specific investment.

With over 30 years of existence, Panificadora Costa & Ferreira is nationally recognised by the manufacturing of “Pão de Rio Maior”, the first certified artisanal bread in Portugal, well known for its crispy crust, soft and tasty interior, cooked in masonry ovens. With an industrial capacity of over 20,000 tons per year, the company is a preferred supplier to the main food retailers in Portugal.

Touriga is an independent private initiative, that invests its own capital together with a group of co-investors, on a deal-by-deal basis. The aim is to achieve solid growth and value creation partnerships in the SME landscape, with a focus on distinctive, scalable, and sustainable businesses.

bread manufacturer

We are thrilled for the next growth cycle of Panificadora Costa & Ferreira, after Clearwater helped us on the selection of the right partner to take the brand to another level, nationally and abroad. Working with an adviser that showed a profound understanding of the project and committed to the shareholder’s ambitions, was key to reach a successful transaction.

Deborah Barbosa, General Director, Panificadora Costa & Ferreira
bread manufacturer

We are very happy and confident following this investment. “Pão de Rio Maior”, made by Panificadora Costa & Ferreira, is a great product with a great team, and we are looking forward to capturing all growth opportunities. Clearwater, displaying expertise and competence throughout the process, played a crucial role aligning and reconciling the aspirations of the sellers and our view of the business moving forward.

Francisco Simão, Member of the Board, Tagus Bread

I am glad to have had the opportunity to participate in such an important moment in the lifetime of Panificadora Costa & Ferreira. I believe that all the conditions are in place for the company's next cycle to be as remarkable as the last.

Rui Miranda, Partner, Clearwater

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