Week 37 (2025) in M&A and Private Equity

• Clear Channel Outdoor agreed to sell its Spanish business to ATRESMEDIA for €115 million. The deal will complete Clear Channel’s divestiture of its European operations. CEO Scott Wells said the sale sharpens focus on the Americas and Airports segments.

 

• Forterro (Partners Group) acquired Barcelona-based Inology to accelerate its cloud strategy and expand in Southern Europe. Inology will be offered via the MyForterro cloud platform; operations and 170+ employees across Spain, Portugal, Colombia, and Mexico join Forterro. The transaction adds c. 1.500 SME and upper-midmarket customers and marks Forterro’s fifth acquisition in 2025.

 

• Plain Concepts (ABE Capital Partners) integrated Dublin-based Ardanis to accelerate its European expansion and strengthen capabilities in fintech/insurtech, technology consulting, and software architecture.

 

• France’s SNIC TECHNOLOGIES (InnovaFonds) merged with Spanish partner Ingeniería y Control Ferroviario, a recognized player in level-crossing systems, axle counters, and LED signals.

 

• MatHolding acquired 100% of Altinco, a Mollerussa-based manufacturer of biostimulant and biocontrol products, reinforcing its agriculture division, Cerestia. Altinco posted €8m revenue in 2024 (60% Spain / 40% exports to 20+ countries) with a 35-person team and a zero-residue biosolutions portfolio suited to organic farming.

 

• Farlabo Cosmetics acquired skincare brand Anne Möller from Angelini Beauty, bolstering its portfolio of owned prestige cosmetics. Madrid-based Farlabo, a long-standing fragrance and cosmetics distributor, manages ~41 brands (including Dolce & Gabbana and Rochas) and will now steer Anne Möller’s development.

 

• Astek acquired Barcelona-headquartered Quantion, a digital transformation player founded in 2015 with ~150 experts and c.30% annual growth since 2020. The deal deepens Astek’s capabilities in customer experience, data & AI, and cloud infrastructure, and strengthens its leadership in travel and aviation.

 

• Segovia-based grain and oilseed trader OCTAVIANO PALOMO S.L.U acquired Martínez de la Pera, a Miranda de Ebro (Burgos) company in the same sector. The deal increases Octaviano Palomo’s storage capacity by more than 80,000 tonnes and extends its footprint in northern Spain.

 

• Mazarrón-based Grupo Agrosana (Corpfin Capital), agreed to acquire Águilas-based Agroquímicos Hermanos López (AHL). The combined group will approach €60m in annual sales, with AHL contributing €6.5m (2024) and Agrosana €52.3m.

 

• TSG Ibérica (Groupe HLD) acquired Bilbao-based GREENKw, a specialist in turnkey photovoltaic self-consumption projects for commercial, industrial, and public-sector clients.