MAWEEKLY · 26 de febrero de 2024

Week 8 (2024) in M&A and Private Equity 🛰️🇪🇸

Weekly collection of transactions (February 19 - 25)

• Portobello Capital has reached an agreement through its fund specialized in the acquisition of minority stakes, Portobello Structured Partnerships Fund I, to become a shareholder of Plexus Tech, a leading Galician company in the IT sector. The main goal of the transaction is to support the growth and financing of the acquisitions that the technology firm is carrying out to expand its activity into new services and countries. 1

• LLYC, a global Corporate Affairs and Marketing consulting firm, today announced the acquisition of Lambert Global, a strategic communications firm that specializes in public relations, investor relations, and integrated marketing. Founded in 1998, Lambert Global pioneered the integrated PR and IR agency model, and has enjoyed 25 years of uninterrupted growth. The acquisition represents the largest in LLYC’s history and aligns with its Strategic Plan, expanding its footprint in the U.S. and positioning itself as a relevant player in the biggest market in the world. The transaction will triple the Company’s size in the U.S. where it will become LLYC’s second largest market after Spain. 2

• Babel strengthens its global position and consolidates its position as one of OutSystems’ top five global partners with the acquisition of the Portuguese company KinetIT. This strategic acquisition marks a significant milestone in Babel’s expansion in the Portuguese market, where the company is consolidating its position as a key player in exponential technologies and Low Code. 3

• The acquisition of Microdeco by Tekpolio, one of the investment companies of the Delclaux family, has finally been sealed. This move ensures the continuity of the historic automotive parts manufacturing company. With this acquisition, Tekpolio, which already owns Decoletaje y Fijación, expands its portfolio in the high-precision machining sector. Microdeco has facilities in Mexico and Romania. 4

• Bechtle purchases Zaragoza-based iDoo Tech. In iDoo Tech, Bechtle has acquired a B2B Apple Authorized Reseller in Spain. Headquartered in Zaragoza, the company has branches in Madrid and Barcelona and employs 13 staff. Leveraging an efficient business model and streamlined processes, iDoo Tech achieved revenues of 6.4 million euros in the 2023 fiscal year—just two-and-a-half years after its founding. 5

📺 If you are into software and technology, we will be hosting a webinar tomorrow (Tuesday February 27, 6:30 pm Madrid time).

* We will review the main M&A and Private Equity transactions in the Spanish 🇪🇸 tech space in 2023.
* We will also have a special guest, Francesco Fornarelli, MD at Vitale (IMAP Italy), to discuss cross border transactions between Spain and Italy 🇮🇹.

Register: https://info.albiacapital.com/inscripciones-webinar-software-270224

• ShopFully, the European leader in Drive to Store, connecting millions of shoppers with local in-store sales, announces the acquisition of Ofertia’s website and app. Ofertia is the Spanish marketplace launched in 2011 that aggregates offers and promotions from a wide range of retailers and brands across industries, including supermarkets, consumer electronics and DIY. 6

• Envaplaster, backed by the Pina family and Stellum Capital, has acquired Sarabia Pack to enhance its product range and reinforce its 2021-2025 Business Plan. This strategic move aims to position Envaplaster as a key player in the food tray manufacturing sector, doubling its production capacity and expanding internationally.7

• Tiko, a Spanish proptech company, has acquired Housell, becoming the largest digital real estate agency in Spain and Portugal. This move is part of Tiko’s new business strategy to focus on real estate brokerage as a key operation in 2024. The acquisition allows Tiko to serve all regions in Spain and aims to increase its transaction volume tenfold and attract over 700 agents in the next year. 8

• Sogrape, Portugal’s largest wine company, has enhanced its position in the Spanish market by acquiring Viña Mayor. This acquisition not only strengthens Sogrape’s presence in Spain but also marks a new era for the iconic winery located in Ribera del Duero’s prestigious “Golden Mile”. 9

• Cityscoot — a provider of shared mopeds that are popular in Paris and raised 80 million euros — has found a buyer in Spanish competitor Cooltra, who is set to acquire the French startup for €400k. Cityscoot had previously filed for insolvency in November last year.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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