MAWEEKLY ·
Week 39 (2023) in M&A and Private Equity 🛰️🇪🇸
Weekly collection of transactions (September 25 - October 1)
• Eurocebollas and Portobello Capital have reached a strategic collaboration agreement with the company Solina, owned by the Astorg fund, which will result in the entry of the French company with a 7% stake in the capital of the company specialized in the processing of ready-to-use cooked onions. 1
• Cegid acquires REVO to drive the digitization of the horeca and retail sectors. REVO is Cegid’s fifth acquisition in Spain so far this year. Revo achieved sales of €3 million in 2022. 2
• Tier1 buys 40% stake in Nextt to expand its restaurant software business. Tier recorded revenues in excess of 18 million euros in 2022, while Nextt reached sales of 2 million euros. 3
• LVMH invests in Spanish industry and buys Valencian leather supplier Verdeveleno. The French luxury conglomerate has bought 55% of the Valencian tannery company through its Metiérs d’Arts division, which specializes in investments in industrial and artisan companies. 4
• Gambastar co-founder José Ignacio Cuevas has sold his 50% stake in the Spain-based prawns and shrimps producer to the Dutch group Primstar. Gambastar reported 2022 sales of EUR 106.08m. 5
• Cropsalsa, a Madrid-based manufacturer of frozen and refrigerated sauces acquired 100% of Leon-based sauces producer Industrias del Bierzo (Ibsa). Ibsa closed 2022 with net sales of EUR 11.7m. 6
• AKSA Power Generation, a company from Turkey, becomes the majority shareholder of Dagartech, a Spain-based company engaged in the design, manufacture and marketing of electric generators. Dagartecha expects to close the year with a turnover of 27 million euros, 30% more than in 2022. 7
• AGUNSA, a logistics services Chilean multinational acquires 75% of ESBO, in order to expand its presence in the Spanish market, consolidating their respective customer portfolios and incorporating technology and automated processes to their operations. 8
• Grupo Castilla, a Human Resources services and technological solutions company, strengthens its services area with the integration of the Navarre-based company Oniria Consulting, adding a specialized team with more than 25 years of experience in personnel selection, as well as in people and training consulting. 9
• Aciturri Aeroengines, a Spanish supplier of engine components integrated in Aciturri, has formalized the acquisition of GOAM Industrie, a company in the sector located near Casablanca, Morocco. 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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