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07 Apr 2026

Addleshaw Goddard Advises MCH Private Equity on New MCH Continuation Fund II FICC to Extend Europastry Investment

"Addleshaw Goddard advised MCH Private Equity on the structuring and tax aspects of MCH Continuation Fund II FICC, a continuation vehicle launched to extend MCH’s investment in Europastry, the Spanish frozen-dough leader. The vehicle is led by Ares Management and backed by the European Investment Fund and Newbury Bridgepoint; together with the initial continuation fund, MCH’s total commitment to Europastry is €300 million. The legal team was led by partner María de Orueta with senior associate Gonzalo Lozano, and tax work was handled by partner Alberto Ruano and senior associate Cristina Galán."

Addleshaw Goddard advised MCH Private Equity on the transaction. The firm provided structuring and tax advice for the launch of MCH Continuation Fund II FICC, a continuation vehicle to extend MCH’s investment in Europastry (the Spanish leader in frozen dough). The new vehicle is led by Ares Management and backed by the European Investment Fund (EIF) and Newbury Bridgepoint; together with the initial continuation fund it brings MCH’s aggregate commitment to Europastry to €300 million. Lawyers involved from Addleshaw Goddard: - María de Orueta — Partner, Funds practice (led the advice) - Gonzalo Lozano — Senior Associate (collaborated on the Funds work) - Alberto Ruano — Partner (handled tax support) - Cristina Galán — Senior Associate (tax support)
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