MAWEEKLY ·
Week 1 (2025) in M&A and Private Equity 🛰️🇪🇸
Weekly collection of transactions (December 30 - January 5)
• Mutares has signed an agreement to acquire Nervión Industries from Amper. The company will strengthen the Goods & Services segment of Mutares as a new platform investment. The transaction is expected to close in Q1 2025. Founded in 1956, Nervión is a leading Iberian industrial services operator with extensive experience serving Tier I clients across multiple end markets, including the oil & gas, industrial, and energy sectors. The Company has built a strong reputation by consolidating a diverse range of activities, with its core business focused on industrial maintenance and assembly. 1
• French multinational Andros, owner of Bonne Maman and Dhul, has acquired Spanish baby food and nutritional products company Delafruit from ProA Capital for over €150 million, pending final closure in 2025. Delafruit, which exports 85% of its production and serves clients like Mercadona and Ella’s Kitchen, reported €129 million in revenue and €17 million EBITDA over the past year. Its Tarragona plant becomes Andros’ third in Spain, complementing its facilities in Cantabria and Granada. This acquisition strengthens Andros’ footprint in Spain and highlights Delafruit’s growth in baby food, adult nutrition, and sports products for global markets. 2
• Puntes Packaging, a Spanish packaging company backed by Portuguese PE firm HCaptial, has strengthened its presence in the French market by acquiring Art Media Group (AMG), a French provider of personalized packaging for high-end sectors like cosmetics and perfumes. This move enhances Puntes Packaging’s international reach and reinforces its position in luxury packaging. 3
• Abac Capital has acquired a majority stake in Recalvi Parts, a Galician company specializing in automotive parts distribution with 80 locations across Spain and annual revenues of €235 million. The deal aims to position Recalvi as Spain’s leading independent distributor by driving growth through acquisitions, targeting revenues of €500 million within three years. Founder José María Rodríguez retains a significant stake and will remain chairman. 4
• Rodi Motor Services has acquired the Galician business of the Salco Group, expanding its presence in northern Spain. The deal adds new service centers to Rodi’s extensive network, reinforcing its position as a leader in automotive maintenance and tire services. 5
• Guppy, a car-sharing company owned by Grupo Junquera, based in Asturias, Spain, has acquired the GoTo car-sharing business from Astara, strengthening its position in the shared mobility market. This acquisition enables Guppy to expand its operations across Spain, integrating GoTo’s user base and operational expertise. 6
• Grupo Acideka, a Spanish industrial chemical company serving sectors such as water treatment, agriculture, food, and industrial manufacturing, has announced the acquisition of Chiemivall, a firm specializing in chemical products and solutions. Chiemivall’s expertise and established presence in the region complement Grupo Acideka’s focus on providing high-quality solutions across diverse industries. 7
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I am a Partner at Albia IMAP. IMAP is an International Mergers and Acquisitions Partnership with a 50-year track record, more than 500 M&A professionals worldwide and a presence in 50 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.
More M&A and Private Equity (in Spanish):
🎙️ Fusiones y Adquisiciones Podcast: Web, Spotify, ivoox, Apple Podcasts
https://www.expansion.com/empresas/2025/01/02/677589e0e5fdea07138b45af.html
https://www.expansion.com/catalunya/2025/01/07/677d7fab468aeb3e1b8b458e.html
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Cada lunes, las operaciones de M&A y private equity que se han movido en España durante la semana. Sin ruido y en cinco minutos.
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