Week 43 (2024) in M&A and Private Equity
• Kutxabank has acquired a 70% stake in the Bilbao-based private equity firm Talde Gestión S.G.E.I.C., S.A. The bank plans to sell 7% of this new subsidiary to Talde’s management team in a later phase, allowing them to maintain leadership and align closely with Kutxabank’s investment objectives.
• Portobello Capital has partnered with Clínicas Mi acquiring a minority stake to drive its expansion through organic growth and strategic acquisitions. With the goal of doubling its revenue and reaching 100 million euros in a few years, the Catalan hospital group will continue to grow with Portobello’s support.
• Squared Capital, a leading independent global infrastructure investment manager, announced that it has acquired the remaining 55% stake in Tepsa –a key player in the storage of bulk liquid and gas in France, Spain and the Northern European hubs of Antwerp and Rotterdam– from Rubis SCA, a French energy company.
• Curium Pharma, a pharmaceutical company specializing in nuclear medicine, has acquired the Instituto de Institut de Radiofarmàcia Aplicada de Barcelona IRAB. This acquisition allows Curium to establish a presence in Catalonia, one of the few regions in Spain where it was not previously active.
• As part of its Expansion Plan and strengthening its commitment to Andalusia, Bunzl Distribution Spain has acquired the company COMERCIAL CERMERON SL, the local reference in B2B distribution of Hygiene and Cleaning products.
• Ramon Eixarch, CEO and co-founder of WIRIS, has assumed full ownership of the company by acquiring shares from VC funds Inveready and Athos Capital, which had joined the project seven years ago during a U.S. acquisition.
• Planning Sisplamo has acquired Mobles 114, a renowned Barcelona-based design furniture brand. This marks a new chapter for Mobles 114, now part of Planning Sisplamo, a Catalan manufacturer of office accessories.
• Spanish-listed company Virtualware, a provider of cutting-edge extended reality (XR) technologies and real-time 3D enterprise solutions, has agreed to acquire Swedish corporation Simumatik.
• COSTA BRAVA MEDITERRANEAN FOODS ,(Grup Cañigueral) is expanding into Central Europe by acquiring a minority stake in a Polish company with a production plant in Szczecin. This move marks the company’s first entry into Central European markets, supporting its international growth strategy.
• ISAGRI Group, specializing in IT solutions for agriculture, livestock, and wineries, has acquired Spain’s TOP 1 NUEVAS TECNOLOGIAS SL and its Bacosoft software.
