• Aleos Capital has acquired a majority stake in Eggnovo S.L, a leader in functional egg membrane ingredients, supporting its growth. Founded in 2012, Eggnovo uses patented extraction technology to turn eggshells into high-value ingredients for nutraceutical and cosmetic applications.
• Peninsula Capital Advisors has acquired a majority stake in EQA España, a Spanish certification company specializing in R&D tax deductions. The deal aims to accelerate EQA’s international growth, while its current CEO and management team retain over 30% ownership.
• Everwood Capital accelerates its focus on cold logistics by acquiring MBCOLD LOGISTICS, a Barcelona-based operator specializing in temperature-controlled transport and storage. This acquisition strengthens Everwood’s position in multi-temperature logistics for the food sector, a key driver of growth in Europe.
• BRIDOR (Groupe Le Duff) has acquired the Spanish Panamar Bakery Group (USD 695m in projected turnover in 2026 and 2,600 employees), strengthening its global position in the premium bakery and Viennese pastry markets.
• TRADEBE Environmental Services has acquired Spirit, an Italian leader in electric battery recycling, enhancing its commitment to sustainability and the circular economy.
• USA Group (Stellum Capital), a precision machining company based in Mallabia, has acquired GRUPOS DIFERENCIALES S.A., a specialist in the manufacturing of conical gears.
• Creas has acquired a majority stake in Desconect@, a leading adolescent mental health company in Spain, to support its growth strategy. This partnership aims to expand Desconect@’s services nationwide, addressing the rising prevalence of mental health issues among young people.
• Asolvi (Volpi Capital) has acquired Beta10 Soluciones Tecnológicas to boost its growth in the European FSM software market. This strategic move strengthens Asolvi’s presence in Southern Europe by leveraging Beta10’s expertise in the Spanish security and alarm sector.
• ENGIE will acquire 100% of IGNIS Luz, the SME energy supply division of IGNIS, as announced on March 26. The transaction, expected to close in mid-2026, reinforces ENGIE’s presence in the Spanish market and supports its global energy commercialization strategy.
• The French pharmacy group Hygie31 (Latour Capital) is doubling down on Spain with the integration of Seville-based Grupos de Farmacias CentralFarma. Founded in 2014 by Gustavo Caba, CentralFarma brings together 230 pharmacies with combined revenue of €300 million. The transaction follows Hygie31’s acquisition of the Catalan group Ecoceutics in 2022. After integrating CentralFarma, the French group will reach 350 pharmacies in Spain, with total combined sales of €600 million.
