MAWEEKLY · 8 de enero de 2024

Week 1 (2024) in M&A and Private Equity 🛰️🇪🇸

Weekly collection of transactions (January 1 - 7)

• Logista, a Spanish logistics company, has acquired Belgium Parcels Service (BPS), specializing in urgent pharmaceutical parcel distribution in Belgium and Luxembourg, for approximately €8 million. This strategic acquisition is part of Logista’s broader goal to diversify beyond tobacco distribution, which historically generated most of its revenue. BPS, focusing on temperature-controlled pharmaceutical products, complements Logista’s Pharma Courier segment, aligning with its expansion strategy in Europe.1

• SoftwareOne, a global software and cloud solutions provider, announced that it has acquired Novis Euforia, a Madrid-based SAP and cloud services company specialised in migrating and converting SAP environments to SAP S/4HANA and the cloud.2

• Calibre Scientific has acquired LineaLAB, a distributor of analytical, bio and laboratory equipment based in Badalona (Barcelona), Spain. LineaLAB is Calibre Scientific’s fourth acquisition in Spain and further bolsters its presence in the Iberian Peninsula. 3

• Syclef Iberia (Ardian), has acquired the Iparfrio Group, consisting of five companies, shortly after purchasing Enfrio Group. Iparfrio, established in 2003, is primarily based in the Spanish Basque Country and Madrid, employing about 140 people. Specializing in commercial refrigeration, Iparfrio has experienced steady growth, becoming a key player in Northern Spain. This acquisition accelerates Syclef Iberia’s ambition to extend its expertise and reinforce its presence on the Iberian Peninsula. 4

• Mercaporta Puertas y Molduras, a Catalan company specializing in the commercialization of doors and other wood products, has expanded its business by acquiring two companies: Arhisa in Madrid and Iberpuertas y Molduras in Zaragoza. This move strengthens Mercaporta’s presence in the Spanish market. 5

• Tosyali, a Turkish holding company, has acquired the Spanish firm Baika Steel Tubular Systems (STS), which specializes in steel pipe production. This move aims to meet the growing demand in Europe, particularly for new hydrogen distribution networks. Tosyali plans to increase STS’s annual spiral steel pipe production from 150,000 to 240,000 tons. 6

• Avatel, a prominent Spanish telecommunications operator, has sold its data center business to the investment funds Teras Capital and Intermediate Capital Group (ICG). This move is part of Avatel’s strategy to focus on its core business as a telecommunications operator. The sold division, mainly based in Málaga, was operated through Beta Data Center. This transaction aligns with the increasing interest in data center assets by investors. 7

• OverActive Media Executes Letter of Intent to Acquire Both KOI and Movistar Riders to Form Global Esports Powerhouse. OverActive believes that the acquisitions will increase its direct audience reach to over 100 million people across the Company’s brand portfolio. The transaction is subject to OverActive board approval and the execution of the Definitive Agreements. 8

• Prensa Ibérica, a leading media group in Spain, has acquired ‘El Correo de Andalucía’, enhancing its presence in Andalusia. This acquisition is strategic for Prensa Ibérica, as it strengthens their position in the region, where they already publish ‘La Opinión de Málaga’ and ‘Diario Córdoba’. ‘El Correo de Andalucía’, founded in 1899, is the oldest newspaper in Seville and a significant source of regional news. 9

• Vallis Capital Partners, a Portuguese private equity fund, and the management team of Docout, have agreed to acquire the company from AlpInvest (Carlyle). Founded in 2002 in Madrid, Docout originally focused on physical records storage and the digitisation of documents. Over the years, the company has become a leader in administrative and document management BPO. 10

• …

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I am a Partner at IMAP Albia Capital. IMAP is an International Mergers and Acquisitions Partnership with a 50-year track record, more than 450 M&A professionals worldwide and a presence in 41 countries. IMAP has closed over 2,200 transactions valcued at $130bn in the last 10 years and is consistently ranked in the world’s Top 10 M&A advisors (Refinitiv) for mid-market transactions.

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