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The Julián de Castro group, with over 100 years of experience in road passenger transport, has sold two of tis companies to Avanza, with advice from AGM Abogados.
The mobility company Avanza, a subsidiary of the Mexican multinational Mobility Ado, has completed the purchase of the coach company Julián de Castro, an operator founded in 1913 that manages bus routes in the northwest of the Community of Madrid. This transaction is still pending approval by the National Markets and Competition Commission (CNMC).
AGM Abogados guided the Julián de Castro group in the sale of two of its three companies: Autocares Julián de Castro and Autocares Casanz. The team provided comprehensive support throughout the process. The M&A team, led by partners Julio Rocafull Rodríguez and Francisco Lacasa Lobera, with the support of attorney Félix Navas Mir, advised the group in this transaction. They bring extensive experience in mergers and acquisitions.
About the Julián de Castro Group
Founded by Marcos de Castro in 1913, this family-run business based in Madrid, managed by the Castro Sanz family, employs 270 people, and operates a fleet of 138 buses that transport 8 million passengers annually. The company operates two lines of business: regular routes and occasional services, under the brands Autocares Julián de Castro and Autocares Casanz, respectively, primarily serving 11 municipalities along the A-6 axis in Madrid.
Additional information
- El Economista: Avanza buys coach company Julián de Castro to expand its presence in Madrid
- Expansión: Avanza buys Julián de Castro to grow in Madrid | Transportation & Tourism
For further information about this transaction, please contact us.
Mergers and Acquisitions|We are AGM newspaper New
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