Addleshaw Goddard advises Seaya Andromeda on the acquisition of a majority stake in Baïa Food
Addleshaw Goddard has advised Seaya, a venture capital and private equity manager focused on technology and sustainability, on its investment in Baïa Food, Spain's leading company in digestive health and wellness food supplements. The transaction was carried out through the Seaya Andromeda fund, the fastest-growing fund in Southern Europe, specialising in digitalisation and technology for sustainability, with €300 million in assets under management and a mission to address global sustainability challenges while generating significant returns through investments in technology companies focused on energy, decarbonisation, the circular economy and the food value chain.
Baïa specialises in the development of powdered food supplements made from 100% natural ingredients and formulates its products by combining scientific evidence and clean-label principles, without added sugars, artificial sweeteners, or synthetic compounds. Seaya's involvement will enable Baïa to drive its international expansion.
The multidisciplinary team advising Seaya on this transaction was coordinated by partner Germán Cabrera, senior associate Fátima García de la Torre, and associates César Báscones and Jorge López-Rey from the Corporate department, as well as counsel Samuel Martínez and associate Beatriz Quetglas from the New Technologies department.