MAWEEKLY · 8 de abril de 2024

Week 14 (2024) in M&A and Private Equity 🛰️🇪🇸

Weekly collection of transactions (April 1 - 7)

• Once For All, a European player in supply chain compliance and sustainable sourcing solutions for the built environment, announced the acquisition of Nalanda Global, a leading supply chain risk and compliance management software platform in Spain. Private Equity firm GTCR acquired Once For All in 2023 in partnership with CEO David Hornsby. PSG Equity, a growth equity firm that partners with software and technology-enabled services companies, acquired a majority stake in Nalanda in 2021.1

• Digi has sold part of its fiber optic network in Spain to Onivia (Macquarie Capital, Abrdn y Arjun Infrastructure Partners) for €750 million, covering 6 million fiber optic accesses, of which 4.25 million are already deployed. This transaction allows Onivia to expand its fiber coverage in Spain to 10 million homes. 2

• Montero Aramburu and Gómez-Villares & Atencia have merged to create the largest law firm in Andalusia. After nearly three years of strategic alliance, they’ve completed their integration process. The merge positions the combined entity as one of Spain’s leading law firms by revenue, professional staff, and client base. Together, sales amount to €28 million, a team of 360 people and ten offices across Andalusia, the Canary Islands, and Madrid. 3

• Knowmad Mood has acquired Interwor, a technology consulting firm specializing in IT infrastructure, communications, and security services. Interwor, with a revenue of €3.2 million in 2023, enhances Knowmad Mood’s project management capabilities.4

• Escribano Mechanical & Engineering, a prominent Spanish defense company, has expanded its capabilities by acquiring Aunav from NTT Data. Aunav specializes in robotics technology for military and security applications. Escribano’s strategy aims to enhance its product range and engineering capabilities in robotics without relying on loans, using its own funds, similar to its approach with its 8% stake in Indra. This acquisition strengthens Escribano’s position in robotic systems for explosive device disactivation and unmanned ground systems, expecting to boost its revenue and workforce significantly. 5

• Eysa, a Spanish technology company dedicated to sustainable mobility management, has acquired Net4things, known for its real-time data ingestion technology from connected vehicles. This acquisition enhances Eysa’s urban and interurban route management, enabling policies like urban tolls without human interaction. Net4things’ platform, XMP, offers real-time mobility pattern detection, aiming for efficient traffic circulation and reduced emissions. This makes Eysa a comprehensive provider for all three types of toll technology globally. 6

• French group Septeo has acquired Witbooking, a technology company specializing in booking engines for tourism establishments, adding it to its ‘hospitality’ vertical. This follows the acquisition of ACIGrup in February and last year’s acquisitions, creating a digital ecosystem to meet the software needs of nearly all industry segments. 7

• The Israeli investment fund MDSR has purchased a portfolio of 22 supermarkets in Spain for €120 million, 21 of which are operated by Carrefour, totaling nearly 110,000 square meters of rentable space. These assets are strategically located across major Spanish cities, with a significant presence in Barcelona and Madrid. This acquisition bolsters MDSR’s investment in the necessity retail segment, further expanding its portfolio in Spain, Italy, and Portugal. 8

• Sedgman, a member of the CIMIC Group (ACS), has acquired engineering company MinSol Engineering Pty Ltd. The acquisition is Sedgman’s third in the critical minerals processing sector, completing its strategy to become a full service, global provider in the extraction and refining of minerals essential to the rapidly growing clean energy technologies. 9

• Pañalón S.A. has acquired a majority stake in the Portuguese transport company Adriano Barbosa de Azevedo, Lda (ABA Transportes), specializing in the transport of powders and granules. This acquisition is part of Pañalón’s strategy to grow and consolidate its position in Portugal. ABA Transportes, with over 25 years of history and a fleet of 30 units, is one of the leading operators in this niche in Portugal. 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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