MAWEEKLY · 6 de mayo de 2024

Week 18 (2024) in M&A and Private Equity 🛰️🇪🇸

Weekly collection of transactions (April 29 - May 5)

• Italian Private Equity firm Charme Capital Partners has acquired a minority stake in Universae, a Spanish regulated vocational training (FP) group, investing around 30 million euros to boost its international expansion, particularly in Latin America**.** 1

• Nazca launches its Small Cap II fund and strengthens its commitment to sustainability with an investment in Global Factor, a leader in decarbonisation services. Global Factor closed 2023 with revenues of €14 million, with a strong international presence (c. 50% of sales) and annual growth of over 40% in recent years, thanks to its unique positioning in a growing sector such as sustainability. 2

• Navarre-based business group Amixalán, founded by Xabier Blanco, has finalized the acquisition of an 85% majority stake in the company 3D Modular, thus entering the industrialized modular construction sector. 3

• ILUNION has finalized the agreement to acquire 80% of Grupo Recicab, a company specializing in waste recovery and valorization. With over 30 years of experience, Recicab offers value-added services related to the recovery and valorization of various types of hazardous and non-hazardous waste, particularly focusing on paper and cardboard recovery along with associated services. Currently operating four production centers in Cádiz, Málaga, Córdoba, and Almería, Recicab recovered over 100,000 tons of paper and cardboard in 2023 and employs 37 people. 4

• Providence Equity Partners makes its entry into Spain’s fitness sector by acquiring VivaGym, the leading independent low-cost gym chain in the country, with 104 centers across the Iberian Peninsula. This move follows Basic Fit’s recent acquisition of RSG Group’s business in Spain, marking a significant shift in the low-cost gym industry. VivaGym has nearly recovered pre-pandemic revenue, reaching €93 million in 2023. Providence aims for a 25% annual growth rate.5

• The French group Paprec has acquired the Valencian company Guerola to enter the paper recycling sector in Spain. This acquisition follows Paprec’s recent purchase of Recimed, a waste management company based in Catalonia, emphasizing its strategic expansion in Spain’s recycling industry. Guerola’s specialization in paper recycling complements Paprec’s portfolio. 6

• Knowmad Mood, a technology consulting firm specializing in digital transformation solutions, announced the acquisition of the German consulting and software development company ASERVO Software. With this purchase, the Spanish consulting firm enters the German market, a market with high potential, and strengthens its positioning in ALM and DevO. 7

• Axel Johnson International Acquires a Majority Stake in Royse for Expansion in the Spanish Market. Royse, a family-owned company based in Seville, Spain, operates 14 branches, employs over 160 people nationwide and is the largest independently owned company in the Iberian power transmission market. 8

• Rotterdam-based group Caldic incorporates the assets of family-owned specialty solutions distributor Ricardo Molina to boost its business in Spain and South America. The Dutch company acquires Catalonia-based Ricardo Molina, specializing in distributing special ingredients and chemicals for industries, food, and pharmaceuticals. 9

• North American multinational Lear Corporation, with plants in Porriño and Vigo, has recently announced the acquisition of another company in Spain. This time, it is WIP Industrial Automation, a firm located in Valladolid and specialized in automation. 10

• …

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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 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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