GLAS supports financing of Uvesco acquisition

GLAS is pleased to have supported the financing package backing the management‑led acquisition of Uvesco.

GLAS acted as Facility Agent and Security Agent on the €465m senior secured term loan. The financing was provided by funds managed by Hayfin and Strategic Value Partners, supporting the transition of Uvesco to long‑term local ownership.

The acquisition attracted considerable attention in Spain, reflecting Uvesco’s importance as a leading regional food retail group. The transaction positions Uvesco for its next phase of growth.

About Uvesco

Uvesco is a leading regional supermarket group in Spain, operating more than 340 stores across the Basque Country, Cantabria, Navarra, La Rioja and Madrid under the BM and Super Amara brands. Founded in 1993, Uvesco has grown while preserving its local identity, high standards and community‑focused values.

About GLAS

GLAS was established in 2011 as an independent provider of institutional debt administration services. The company was originally created to provide the market a willing participant in complex loan restructuring transactions where many large institutions are reluctant to take swift and cooperative action. It offers a wide range of administration services developed specifically for the debt market.

GLAS is recognised as the premier independent, non-creditor, conflict-free provider of loan agency and bond trustee services, with excess of $800bn of assets under administration on a daily basis. For more information, contact media@glas.agency.