MAWEEKLY · 10 de febrero de 2025

Week 6 (2025) in M&A and Private Equity 🛰️🇪🇸

Weekly collection of transactions (February 3 - 9)

• Bridgepoint to become majority shareholder in social-first digital marketing group SAMY Alliance. Since Bridgepoint’s initial investment in 2023, SAMY has surpassed annual revenue targets of €100M, with further growth through successful M&A in the US, Europe and LATAM. As part of the transaction, SAMY Alliance’s existing backers, including its main shareholder Aurica Capital and other minority investors such as Inveready and Sabadell Venture Capital, will sell their shareholdings to Bridgepoint. SAMY’s founders and the rest of the management team will continue partnering with Bridgepoint during this next chapter in the business’s growth.1

• Talde Private Equity and Orza Gestión y Tenencia de Patrimonios have announced the acquisition of a majority stake in Siban Peosa, one of the European leaders in the manufacture of rubber conveyor belts for industrial use in the transport of bulk materials for mining, construction and food. The founding shareholders will continue to be involved in the project and will lead the growth and internationalization plan in this new phase. 2

• Sherpa Capital acquired 75% of Eqofluids, a Valencia-based manufacturer of aluminum piping systems, through a leveraged buyout funded by alternative financing. The deal, valued at over €20 million, leaves 25% ownership with the founding team. Eqofluids, with operations in multiple countries and distributors in 40 markets, claims its products reduce energy costs by up to 30% compared to conventional piping systems. 3

• Finwave Iberia & Latam, part of Fibonacci Group, has announced the acquisition of Alvantia from its founder, Roberto Gutierrez. Alvantia is a leader in software for factoring and confirming in Spain and Latin America. With this acquisition, Fibonacci Group strengthens its international presence and further expands its software portfolio. Fibonacci Group is backed by Apax.4

• Belgian group Fagron, a global player in pharmaceutical compounding, acquired Guinama, a Valencia-based company specializesing in repackaging and distribution of active pharmaceutical ingredients and excipients to pharmacies, hospitals and industries. 5

🎙️Last week, I was interviewed on the Nova podcast (Youtube, Spotify). We talked about my career and the specialized subcommunity focused on Investments, Private Equity and Venture Capital that we’ve launched within Nova. If you want to learn more about Nova or join, here’s the link.

• Mondragón Assembly, part of the industrial automation division of the Mondragón cooperative group, has acquired Portuguese artificial vision startup Sentinel to expand into this sector. Sentinel, founded four years ago, has grown steadily with €2 million in revenue, proprietary image processing software, and industrial applications. The company aims to expand internationally, initially targeting automotive, appliance components, and electronics. 6

• Signaturit Group, an European provider of secure digital transaction solutions, announced today its plan to acquire Validated ID, a provider of innovative digital identity and electronic signature solutions. Founded in 2012, Validated ID specializes in e-wallet and qualified signatures, its flagship product, VIDwallet, is the first EBSI (European Blockchain)-compliant mobile identity wallet, enabling secure credential management. Signaturit is expected to reach c. €70 million of annual recurring revenue post transaction. The Group is financially and operationally supported by PSG Equity, which invested in Signaturit in 2020. 7

• ULMA Packaging, a division of ULMA Group (a former cooperative of the Mondragon Corporation), acquired a 40% stake in Italian firm RAMA S.r.l., specializing in end-of-line packaging automation. The acquisition strengthens a 15-year collaboration, enhancing ULMA’s expertise in automation and secondary packaging. With ULMA’s established presence in over 80 countries, this partnership unlocks new opportunities in key markets across the world. 8

• Uber acquired a 30% stake in Auro New Transport Concept (Auro), a leading Spanish VTC (vehicle for hire) service provider, for €220 million. The acquisition follows a December 2024 ruling by the Constitutional Court, which allowed Auro to terminate its exclusivity agreement with Cabify. Auro, established in 2017, has grown to employ approximately 3,500 drivers and 200 staff members, achieving an EBITDA of around €9 million. 9

• Nazca Capital, which acquired Doga in 2023, has sold its aftermarket division, Doga Parts, to Spanish firm Siker Products. Founded in 1958 and based in Barcelona (Spain), Doga is the world leader in electric windshield wiper systems for large off-road vehicles. More than 95% of its sales come from international customers, with the United States being its main market, accounting for nearly 20% of the Group’s sales. 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 500 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.