MAWEEKLY · 24 de febrero de 2025

Week 8 (2025) in M&A and Private Equity 🛰️🇪🇸

Weekly collection of transactions (February 17 - 23)

• Everwood Capital’s Transport and Logistics Fund acquires Arimon Logistics, a leading company in cold logistics specialising in food products. With more than 25 years of experience, Arimon has established itself as a strategic pillar for efficient and sustainable distribution in Catalonia. Founded in 1995, Arimon has a solid infrastructure: a logistics centre of more than 5,000 m², 65 refrigerated vehicles and a team of 52 professionals.

Albia IMAP acted as Arimon M&A sell-side advisor 🎉 1

• Reclamador.es, a Spanish legaltech platform specializing in consumer rights, offering digital legal services in areas such as airline compensation, banking claims, and public administration disputes acquired Abogados para tus Deudas, a Barcelona-based law firm focusing on Spain’s Second Chance Law, which helps individuals and small businesses restructure or eliminate debts. As part of this transaction, French firm IMPACT Partners has joined Reclamador.es’ shareholder base, contributing its shares in Abogados para tus Deudas and investing an additional €2 million. 2

• OCP Group, phosphate-based plant and animal nutrition solutions player and Fertinagro Biotech, a major Spanish fertilizer producer, announced that OCP Group has acquired an additional 25% of the capital of GlobalFeed, bringing OCP Group’s total stake to 75%. This acquisition follows OCP Group’s acquisition of 50% of the capital of GlobalFeed S.L. in May 2023. GlobalFeed is a Spanish company offering a wide range of products dedicated to animal nutrition, including phosphate-based and high value-added animal feed. 3

• Transgourmet Ibérica, a distributor to the hospitality sector and proximity supermarkets, has acquired the Mallorcan food distribution group Moyà Saus. Moyà Saus, established in 1928, operates four cash & carry outlets, a network of supermarkets under the BIP BIP and EUROCOP brands, and two distribution centers in Mallorca. The acquisition includes 12 company-owned supermarkets, which will be managed by Miservi, a joint venture between Transgourmet Ibérica and Valvi Supermercats. 4

• Esofitec and Creinsa, Wolters Kluwer partners, have officially announced their merger, a strategic decision aimed at strengthening their position as a leading provider of technology consulting and software development solutions. Esofitec, founded in 1992 in Lleida, specializes in business software, primarily serving clients in Catalonia and Aragón. Creinsa, with a 37-year history, has provided IT solutions for businesses, consulting firms, and freelancers. The merger brings together a team of 60 professionals, including programmers, legal and administrative experts, offering integrated technology solutions. With a combined revenue of €10 million, both companies see this as a qualitative and quantitative leap.5

• The global accounting, tax and payroll services firm Auxadi, has completed the acquisition of Afiens Legal. integrating its CEO and founder, Lorena Salamanca, Santiago Torrejón, and the entire Afiens team into its structure. Lorena Salamanca will lead the Legal Secretarial Services (CoSec) and paralegal services branch in Auxadi, with the aim of boosting its internationalization in the more than 50 markets in which Auxadi operates. Auxadi’s investment responds to its growth strategy to build the best professional services firm in all the countries where it offers its services, as already occurred with the acquisition of Resolvein 2021 in Costa Rica, Guatemala, Nicaragua, El Salvador and Honduras, or that of DMS in the Netherlands in 2023. In 2020 the British PE House Inflexion reached an agreement with the Salamanca Family to take a minority stake in its capital of Auxadi and boost its growth.6

• The German automotive components giant Brose Group is expanding in the seating and upholstery segment with the acquisition of Covercar, a Catalonia-based family-owned company. Covercar will be integrated into the German conglomerate, which recorded €7.9 billion in sales in 2023. The founding family will retain a minority stake. As part of this integration, Covercar’s three factories in Tangier (Morocco) and its plant in Nelas (Portugal) will become part of Brose’s production network. The company also has its headquarters in Barcelona, a technical center in Sallent (Barcelona), and logistics centers in Catalonia, Portugal, and Navarra.7

• Servicios Ecológicos Navarra (SEN) has acquired Hierros Ezquerro, a waste management plant in the Jundiz Industrial Park in Vitoria-Gasteiz. The facility spans over 7,000 m² and includes offices, warehouses, and storage areas. The acquisition also includes Hierros Ezquerro’s customer portfolio and equipment. SEN now operates in Pamplona, Cintruénigo, Oyón, Barcelona, and Vitoria. With this acquisition SEN expects to increase the annually managed waste by more than 30,000 tons and boost its revenue by 16%. 8

• Fútbol Emotion, a leading distributor of specialized football equipment, has acquired the Italian The Pitch. This move enhances Fútbol Emotion’s presence in Italy, adding four new retail locations in Milan, Bergamo, and Barzago to its existing stores. The acquisition also integrates The Pitch’s strong omnichannel approach, including its significant online platform, thepitchfootball.com, with Fútbol Emotion’s robust e-commerce operations. In May 2022, Fútbol Emotion joined the Tansley group (GPF Partners), a conglomerate dedicated to fostering consumer ecosystems around passions and hobbies. 9

• MAPFRE has strengthened its alliance with the Italian insurer Vittoria Assicurazioni through strategic transactions. As part of the agreement, Vittoria will acquire 49.9% of MAWDY Services Italia, MAPFRE’s assistance subsidiary in Italy, specializing in automotive services. Simultaneously, MAWDY will take a 49.9% stake in Vittoria’s startups through a new joint venture, Vittoria Servizi Legali, which includes ComeStai and Easy Legal, focused on healthcare and legal services. Additionally, MAPFRE will acquire a 1.4% stake in Vittoria Assicurazioni, further strengthening its presence in the Italian market. 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.