Week 37 (2023) in M&A and Private Equity 🛰️🇪🇸

• Waterland announces its investment in Montronic to build jointly Spain’s leading electronic manufacturing services (EMS) group by means of a selective buy-and-build strategy. Founded in 1997 and based in Vic, Montronic is an EMS provider with a team of more than 90 professionals. It is focused on the high-mix/low-volume segment. 1

• International private equity firm Cinven has agreed to sell Planasa to strategic buyer EW Group, a German family owned international group, with key businesses in genetics, health, diagnostics, nutrition and food. Headquartered in Valtierra, Spain, Planasa specialises in R&D for the breeding of next-generation berry varieties, including blueberries, blackberries, raspberries and strawberries. 2

• Stellum Growth acquires a significant stake in Informa Consulting, a provider of regulatory compliance consulting services. Stellum Growth will help boost Informa Consulting’s growth plan. 3

• Portobello Capital advances in its internationalization plans. The Private Equity fund has sealed an agreement to take a stake of around 25% in the German industrial holding company Arenit, which specializes in the acquisition and development of medium-sized industrial companies operating in the B2B sector. 4

• Damm has acquired 60% of the startup Nennisiwok, specialized in artificial intelligence, as an incubator with the aim of accelerating some of the internal projects that are being carried out in technological matters. In this way, the company is testing various solutions to apply AI tools in the production and marketing of beers, as well as in other projects that improve the company’s efficiency. 5

• France-based Vulcain Engineering, backed by Equistone and Sagard, has acquried iPlan Gestión Integral. Founded in 2008 and located in Barcelona, iPlan Gestión Integral is a company that offers engineering services to develop projects mainly in the energy and civil works sector. 6

• Exclusive Networks acquires Ingecom. Founded in 1996, Ingecom, a Spanish value-added distributor, specialises in cybersecurity and cyber intelligence solutions for emerging and disruptive technologies and has a network of more than 500 partners. 7

• Cartonajes Vir acquires Cartonastur in a transaction that will culminate in 2025. The union will have more than 150 workers and will have a turnover of more than 30 million euros. 8

• Hipoges continues to grow with the acquiisition of the real estate manager FYG. The KKR servicer points out that this transaction will allow it to increase its administrative management capacity, as well as improve communication with the different state, regional and local administrations. 9

• Alliance Automotive Group (AAG) has reached a definitive agreement to acquire 100% of the shares of Recambios y Accesorios Gaudí. Gaudí is one of the main independent players in this market, with 22 of its own stores that operate mainly in Catalonia and Madrid. Founded in 1989, Gaudí has grown significantly in recent years, reaching annual revenues of approximately 100 million euros.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 41 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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1

https://www.waterlandpe.com/es/montronic-and-waterland-enter-into-a-growth-partnership/

2

https://www.cinven.com/media/news/cinven-and-label-investments-to-sell-planasa-to-ew-group/

3

https://www.stellumcapital.com/actualidad/stellum-growth-adquiere-una-participacion-significativa-en-informa-consulting-proveedor-de-servicios-de-consultoria-relativa-al-cumplimiento-normativo/

4

https://www.expansion.com/empresas/2023/09/12/64ff9e6b468aebaa4a8b4659.html

5

https://www.dammcorporate.com/es/damm-adquiere-el-60-de-una-startup-de-inteligencia-artificial

6

https://www.bryangarnier.com/portfolio/bryan-garnier-co-acts-as-sole-financial-advisor-to-vulcain-engineering-on-the-acquisition-of-iplan-gestion-integral/

7

https://ibsintelligence.com/ibsi-news/exclusive-networks-acquires-ingecom-to-enhance-emea-expansion/

8

https://www.elcomercio.es/economia/cartonajes-vir-adquiere-cartonastur-operacion-culminara-2025-20230917012926-nt.html

9

https://www.ejeprime.com/empresa/hipoges-adquiere-una-participacion-en-la-gestora-inmobiliaria-fyg.html

10

https://www.recambiosgaudi.com/noticias/ahora-somos-parte-de-alliance-automotive-iberia