MAWEEKLY · 18 de marzo de 2024

Week 11 (2024) in M&A and Private Equity 🛰️🇪🇸

Weekly collection of transactions (March 11 - March 17)

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• Bain & Company has acquired Spanish AI and ML specialist PiperLab to bolster its services in Europe, the Middle East, and Africa. This acquisition will lead to a new Advanced Analytics and AI hub within Bain’s global Advanced Analytics Group. PiperLab’s integration aims to meet the growing demand for AI services among Bain’s clients, strengthening its AI capabilities, especially with its strategic focus on Spain. PiperLab, established in Madrid in 2015, provides data-driven solutions to enhance business operations and productivity. 1

• Amadeus announced the acquisition of Voxel, a provider of electronic invoice and B2B payment solutions for travel sellers, hotels, and other travel players. This will support Amadeus’ vision to deliver a smooth travel payment experience. It will also complement Amadeus’ payments business, Outpayce, by enhancing its existing travel sellers’ product suite, while expanding in the hospitality segment. 2

• Talde has acquired a majority stake in Plymouth Rubber, a Galician company specializing in electrical insulation tape, through its Talde Capital Crecimiento II fund. This marks Talde’s fourth operation with this fund, supporting Plymouth Rubber’s international growth. 3

• Laboratorios Cinfa has expanded its product portfolio by acquiring the gynecological product range from Adamed Laboratorios. This strategic move aims to strengthen Cinfa’s presence in the gynecological healthcare sector. 4

• Oreka IT has strengthened its offerings for SMEs by acquiring the Catalan company Intarex, specializing in SAP Business One technology services. This acquisition adds to Oreka IT’s growth, already serving large companies like Mercedes-Benz and PepsiCo. With Intarex’s expertise, Oreka IT aims to enhance its services for medium and small companies. This move expands Oreka IT’s presence with a new office in Barcelona, joining its locations in Vitoria, Bilbao, Donostia, and Pamplona. 5

• France-based Groupe Gaïana acquired Tipsa, a Spanish software developer for the wine sector. This move, part of Gaïana’s external growth strategy supported by its majority shareholder Meanings Capital Partners, aims to solidify its leadership in European Agrifood software solutions. Tipsa enhances Gaïana’s offerings, particularly in vineyard and winery management, complementing previous acquisitions like Ayanet, also in Spain. 6

• Grupo IAN (Portobello Capital) has acquired Interoliva, a company based in Dos Hermanas (Sevilla) specializing in the production, packaging, and marketing of olives since 1898. This move is part of Grupo IAN’s growth strategy, complementing its black olive production with Interoliva’s green olives, particularly the gordal and manzanilla varieties. This acquisition aims to enhance their olive business, maintain quality standards, and increase market share. 7

• Puertas Proma has formed a strategic alliance with Adapta Capital to drive its international growth. This partnership will support Puertas Proma’s expansion plans, enhancing its position in the market. 8

• Seur has acquired a significant stake in Koiki, a company specializing in last-mile delivery based on social and sustainable economy principles. This partnership strengthens Seur’s same-day delivery capabilities, aligning with its strategic goals in the delivery sector. 9

• Jungle has acquired the digital consulting firm Mr. Milú, marking its first acquisition since 2022. Mr. Milú employs 45 professionals and specializes in digital strategy, further expanding Jungle’s capabilities in the digital marketing sector.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 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.

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