Beccar Varela and Marval, O’Farrell & Mairal advise on the acquisition of 50% of Cdimex
PRESS RELEASE
Buenos Aires, September 4, 2025 — On August 22, the acquisition of 50% of the shareholding of Cdimex, owned by Grupo Cortassa, by Grupo Newsan was announced. Beccar Varela acted as legal advisor to the buyers, while Marval, O’Farrell & Mairal represented the sellers.
Cdimex is a company dedicated to the development, production, import, and commercialization of fragrances and beauty products in Argentina, including national brands such as Cher, Bensimon, Sarkany, Tucci, and Fascino, and international brands such as Lattafa, Armaf, Elizabeth Arden, Rasasi, Afnan, and Al Wataniah, among others. It currently leads the segment, with six of the ten best-selling brands and a strong presence in pharmacies, perfumeries, and digital channels. The company is part of Grupo Cortassa, a family-owned organization based in Rafaela, Santa Fe, with 70 years of history.
Following the transaction, Cdimex will continue to operate independently, but under joint management. The partnership with Grupo Newsan will allow the company to accelerate its expansion and the growth and professionalization of its operations. The Cortassa family, for its part, will contribute its knowledge and expertise in the fragrances and beauty products business.
Advisors to Grupo Newsan
Beccar Varela: team led by partner Daniel Levi, together with counsel Eugenia Radaelli and associates Alejandra Bouzigues, Mora Mangiaterra, Ariana Kissner, and Mateo Botana. Also participating were partners Santiago Montezanti, Agustín Waisman, Florencia Rosati, Ana Andrés, María Eduarda Noceti, Guido Krolovetzky, and Manuel Frávega; and associates Luján Callaci, Pilar Lodewyckx Hardy, Sofía Videla, Franco Montiel, Fermín González Argüello, Micaela Navarrine, Juan Pablo Perrino, Belén Ravenna, Florencia Marcelli, Daiana Mari, Luciana Malito, Mailen Del Sol Isidro, Tomás López Bisso, Andrea Sanchez Vicentini, Agustín Coronel de la Torre, Tomás Caputo, and Pilar Fernández Sasso.
In-house: Marcela Cominelli.
Advisors to Grupo Cortassa
Marval, O’Farrell & Mairal: team led by partners Guillermo Burman and Diego Chighizola, together with associate Delfina Majdalani.
In-house: Virginia Alberto.