Summer recap (2025) in M&A and Private Equity

• CrowdStrike, a leading global cybersecurity provider, announced an ageement to acquire Onum (Dawn, Kibo, Insight), a Spanish startup specializing in real-time telemetry pipeline management. Onum’s technology streamlines and enriches data as it moves, enabling up to 5× faster event processing, 50% reduced storage costs, and 70% faster incident response with 40% less data ingestion load.

 

• France-based Eiffage, has significantly strengthened its foothold in Spain by acquiring three energy services firms: CVS Group, (Ufenau Capital Partners AG), M3I CONTROLS, and INMOTECHNIA. These acquisitions reinforce Eiffage’s local subsidiary already accounted for €1.1 billion in revenue and 5,000+ employees at the end of 2024.

 

• Inveready, a Spanish private equity firm, has sold Conversiap, a RegTech firm specializing in compliance solutions for SMEs, to British groupWilmington plcc for approximately €121.6 million. In the year to June, Conversia achieved €36 million in revenue and €9.3 million EBITDA.

 

• Landon, the investment vehicle of Spain’s Gallardo family, has acquired a 30% stake in BDF Natural Ingredients, a Girona-based company specializing in food additives and nutraceuticals. The remaining 70% remains with the Bosch family, following the exit ofTresmares Capitall, which had invested in 2019.

 

• TAQA Group acquired 100% of Spain’s GS Inima Environment, a water desalination and treatment specialist, for approximately €1 billion. GS Inima, based in Madrid reported €389 million in revenues and €106 million EBITDA in 2024.

 

• H.I.G. Capital has acquired a majority stake in Avanta, a Spanish provider of occupational health and safety services, previously backed by Spain-basedMCH Private Equityy. Founder Josep Pla and MCH will retain a minority stake and reinvest alongside H.I.G.

 

• NAVER Corp has acquired 100% of Spanish second-hand marketplace Wallapop, buying a 70.5% stake for €377M, valuing the company at €600M. Wallapop, with 19M users, achieved profitability in 2024 with €100M+ revenue.

 

• Baleàriaa has agreed to acquire the majority of Grupo Armas Trasmediterránea from investment funds including JPMorgan, Bain Capital, Cheyne Capital, and Barings.

 

• SCCC has acquired Omega Peripherals, a Barcelona-based IT partner with branches in Madrid, Bilbao, Pamplona, and Valladolid. Grupo Omega brings approximately €61.6 million in revenue (2024) and 160 employees across infrastructure, data centres, cybersecurity, networking, and tech innovation services.

 

• Indian eyewear giant Lenskart.com has acquired Catalan startup Stellio, owner of the MELLER brand, for over €40 million. Founded in 2014, Meller targets young consumers with trendy eyewear. Meller posted €28.3 million in revenue and €5.8 million EBITDA in 2024.