Week 10 (2025) in M&A and Private Equity;
• Vodafone España has announced the acquisition of Sercom Soluciones, a distributor of prepaid products in Spain. Founded in 2010, Sercom operates over 4,000 retail points, including multi-brand phone stores, call centers, and airport locations. This acquisition strengthens Vodafone’s presence in the prepaid segment, expanding distribution channels and enhancing customer access.
• MONBAKE (CVC), a Spanish frozen dough company, has acquired the Galician firm IPASA/SANBRANDAN, known for its frozen dough products, to strengthen its position in the bakery sector. The integration of Ipasa is expected to enhance Monbake’s product offerings and expand its market reach in Spain. Founded in 2018 through the merger of Berlys and Bellsolà, Monbake operates nine production plants and employs over 1,800 people.
• The Spanish government has invested €67 million in Multiverse Computing, a San Sebastián-based company specializing in quantum computing and artificial intelligence. This investment, made through the SETT Spain, aims to position Spain as a leader in energy-efficient AI language models.
• Teknei, a Bilbao-based technology consulting firm, has acquired a 51% stake in CTI Soluciones, previously held by Informa D&B, a subsidiary of Grupo Cesce.
• GuideBridge Capital has agreed to acquire GAME STORES IBERIA from the UK’s Frasers Group. GAME operates over 220 stores in Spain, employing more than 1,000 people.
• Santander has acquired an 89.9% stake in Tresmares Capital, an alternative financing and private equity platform founded in 2020. Tresmares offers financial solutions to high-growth SMEs and private equity managers across Europe. This acquisition aligns with Santander’s strategy to expand in alternative asset management, particularly in private debt and funds of funds.
• Lookiero, a Spanish online personal shopping platform, has merged with German competitor OUTFITTERY to form the Lookiero Outfittery Group, aiming to lead Europe’s online personal shopping market. This merger combines Lookiero’s expertise in women’s fashion with Outfittery’s specialization in men’s fashion, creating a customer base of over three million across 13 countries.
• Girbau, the Catalan industrial laundry equipment manufacturer, has announced the sale of its U.S. subsidiary, Girbau North America (GNA), to Miami-based EVI Industries, Inc. for €41 million.
• MIO Group has acquired 100% of FIRMA, a Barcelona-based branding consultancy specializing in brand strategy, creativity, and digital production.
• Search fund Albor Capital has acquired Cantabria-based MANUFACTURAS DEPORTIVAS, a family-owned company specializing in urban furniture, playgrounds and sports equipment.
