• ABE Capital Partners has sold FANOX I Relés de Protección to Wabtec Corporation. Under ABE’s ownership since 2021, Fanox expanded its product portfolio, entered new international markets, and advanced R&D.
• Cleon Capital Advisors has sold HEVO Group, Spain’s second-largest egg producer, to a European investment firm led by Brazilian magnate Ricardo Faria, founder of Granja Faria. The transaction marks the culmination of Cleon Capital’s strategy to consolidate the fragmented egg production market through acquisitions.
• Henko Partners has acquired a majority stake in Portuguese hydraulic components manufacturer Balflex Group, founded in 1963, generates €60 million annually and operates production facilities in Brazil and Portugal.
• Providence Equity Partners, owner of VivaGym since April, has acquired AltaFit Gym Club, integrating it into VivaGym to form Spain’s second-largest gym operator with 200 locations and 350,000 members, just behind BasicFit.
• Asterion Industrial Partners has agreed to sell Nabiax, Spain’s leading data center group, to a fund managed by Aermont Capital. Nabiax operates three data centers with a combined installed IT power of 35 MW and potential expansion to over 100 MW.
• Egis, a global player in engineering and architecture, has acquired FIA – Fenwick Iribarren Architects, a Madrid-based firm specializing in sports and events architecture. Founded in 1990 by Mark Fenwick and Javier Iribarren, FIA is renowned for designing iconic stadiums, including three venues for the 2022 FIFA World Cup in Qatar.
• Serveo (Portobello Capital), has acquired the maintenance business of Grupo Navec, a Tarragona-based company that filed for bankruptcy in late September. The acquisition includes two divisions: one serving Repsol’s Petrochemical Complex in Tarragona, employing nearly 290 workers, and another handling maintenance contracts in Algeciras and Cádiz, with just over 100 employees.
• Gruppo Maggioli, a company specializing in public data management and technological solutions for businesses and the public sector, has acquired a 51% stake in the Spanish tech firm Wardem through its Spanish subsidiary, ATM. With this acquisition, Maggioli now comprises 20 companies and anticipates a combined revenue exceeding €400 million by the end of the year.
• HOFF, a footwear company based in Elche, Spain, has welcomed RAHCO CAPITAL and a Spanish family office as new shareholders, who together have acquired a 15% stake.
• Veolia has strengthened its position in energy efficiency through the integration of cactus2e, an Andalusian company specializing in energy solutions for cities and buildings.
