Touriga, a private equity company, and Tagus Bread, a newly created Lisbon-based company, agreed to acquire Panificadora Costa & Ferreira, an artisanal bread bakery. Financial terms were not disclosed. "We are thrilled for the next growth cycle of Panificadora Costa & Ferreira, after Clearwater International helped us on the selection of the right partner to take the brand to another level, nationally and abroad. Working with an adviser that showed a profound understanding of the project and committed to the shareholder’s ambitions, was key to reach a successful transaction," Deborah Barbosa, Panificadora Costa & Ferreira General Director.