Pan Delirio

Seabird Capital (Cognos Spain) provided financial advisory services to the founders of Pan Delirio, supporting the entry of the investment holding Areyhold into the company’s capital.

The transaction is designed to provide Pan Delirio, a benchmark in artisanal bakery and premium pastry in Madrid, with the financial resources and strategic backing needed for its national expansion. The entry of Areyhold reinforces the company’s growth potential in the gourmet food sector.

The transaction also included Escuela de Formación Materia Madrid, further expanding the strategic scope of the investment and supporting the development of complementary capabilities within the group.

Seabird Capital guided the founders through the valuation and negotiation phases, securing an agreement that aligns with the brand’s commitment to quality and craftsmanship, and would like to congratulate the shareholders on this milestone and thank them for their trust throughout the process.