MAWEEKLY · 11 de mayo de 2026

Week 19 (2026) in M&A and Private Equity🛰️🇪🇸

Transactions of the Week (May 4 - 10)

Hi, I’m Fran Hidalgo-Barquero, Partner at Albia IMAP. This is a weekly newsletter covering M&A and Private Equity transactions in Spain. Contact: Email, LinkedIn.

• Columna Capital has signed a binding agreement to acquire a majority stake in Evidenze Group, a pan‑European outsourced pharma services platform, from Buenavista Equity Partners. The deal keeps co‑founders as significant minority shareholders and active managers, ensuring continuity. Evidenze, founded in 2020, now serves over 270 clients across Spain, Germany, Italy, Portugal and other European markets, employing around 400 professionals and generating €40 million in 2025 revenue. The acquisition aligns with Columna’s strategy to back high‑growth, defensive sectors and expand its healthcare franchise in Spain and Europe. 1

• Profand, a Mercadona supplier, has agreed to acquire the Canary Islands‑based seafood company Unión Martín, which is majority‑owned by Alantra. The deal includes the purchase of Silomar’s Valencia operations, adding a processing plant and a 19,000 m² cold‑storage capacity. Unión Martín, specialized in cephalopods (70 % of its catch), operates a fleet of over 20 vessels and sold more than €95 million in 2024. The combined group, after Alantra’s 2018 entry, now reports €135 million in revenue (2024), €8.9 million EBITDA. 2

• Amper has entered a binding agreement with Nazca to acquire 100% of Teltronic, a Zaragoza‑based Spanish communications firm for defense and security. The acquisition is strategic, aiming to restore Spanish ownership of critical technology, strengthen Amper’s position as a Tier‑1 defense communications provider in Spain and Europe, and expand its market reach to Brazil, Mexico, the U.S., and Canada. 3

• IREN Limited announced the acquisition of Ingenostrum (Nostrum Group), a Spanish data‑center developer, marking its entry into the European AI‑cloud market. The deal adds about 490 MW of secured, grid‑connected power in Spain and expands IREN’s portfolio to 5 GW, enhancing its ability to meet growing AI‑infrastructure demand. Nostrum’s local team and development pipeline strengthen IREN’s execution capabilities. This strategic move supports IREN’s global expansion of its vertically integrated AI‑cloud platform, leveraging renewable‑rich regions across North America, Europe, and APAC. 4

• Rive Private Investment, a French fund, is acquiring a stake in Spain’s Rebi, a company that designs, manages, and operates district heating networks. Rebi, headquartered in San Sebastián de los Reyes, employs over 200 staff across six cities and serves more than 22,000 customers. In 2024 it generated €52.7 million in revenue (up 13% year‑on‑year) but saw profit fall to €2 million (down 12%). The firm operates six heating networks in Soria, Ólvega, Aranda de Duero, Guadalajara, Cuenca and Móstoles, and provides industrial decarbonisation solutions such as biomass boilers and solar energy. Established from the former wood‑processing company Amatex, it created its first heat network in 2011. 5

• Padel Galis, a leading Spanish manufacturer of padel courts, has undergone a major shareholder shift. Its CEO, Juan Larraz Roig, and business development director, Salva Segura, have taken control of the majority stake, reducing the investment firm Atitlan’s ownership to 27% after nearly five years since its 2021 entry. The new structure brings additional minority investors and supports a more aligned management team. Atitlan’s reduced involvement coincides with Padel Galis’ rapid growth: turnover rose from €6.7 M in 2021 to over €27 M in 2025, the company now operates in 85 countries, has installed more than 10,000 courts, and is expanding production with a new automated factory in Silla, Valencia, to meet rising demand in Europe, Latin America, Mexico, and the United States. 6

• ABE Capital is reinforcing its technology portfolio by acquiring LIS Data Solutions, a Cantabrian‑based consultancy specializing in big data and AI. ABE Capital, founded in 2019 in Bilbao, has recently expanded into healthcare, energy, and technology sectors, adding companies like Plain Concepts, Mediance and Enerpath. LIS Data Solutions offers end‑to‑end data analytics and AI services to industrial clients across Spain and Germany, positioning itself in the fastest‑growing IT segment. 7

• Rigi Capital, a Barcelona‑based search fund founded in 2023 by former Johnson & Johnson executive Jorge Oriol, has acquired 100 % of Super’s Diana, a Catalan pharmaceutical and livestock‑supplement company. Super’s Diana, founded three decades ago in Parets del Vallés, employs about 50 people, sells in 30 countries, and recorded €17.6 million in revenue with €2.5 million net profit in 2024. Rigi aims to maintain continuity and long‑term growth. 8

• WVT Industries, a pan‑European leader in disinfection and bio‑security solutions, is expanding in Spain through the acquisition of Cygyc Biocon, a Spanish platform specializing in specialty chemicals, enzymatic formulations, and probiotics. The deal aligns with WVT’s international growth strategy and follows its 2025 majority‑stake acquisition by Siparex ETI. Cygyc Biocon brings complementary enzymatic R&D capabilities and a portfolio covering detergents, disinfection, food, and agriculture, operating in over 35 countries. Combined, the group will generate more than €100 million in revenue, serve clients in over 70 countries, and employ more than 250 people. 9

• AIBLU, a compliance services firm backed by Stellum Growth, has acquired 100% of Madrid‑based sustainability consultancy Azentúa. The deal creates a new sustainability business line, enhancing AIBLU’s ESG offering, which already covers social and governance aspects. Post‑acquisition, the combined group is projected to generate around €9 million in revenue, operate five offices, and employ nearly 100 staff. This marks AIBLU’s third acquisition in two years, following Segurdades (April 2025) and AT Group (March 2026), and underscores its strategy to become a leading ESG services provider.10

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