Week 12 M&A & Private Equity update in Spain with Francisco Hidalgo-Barquero

Week 12 (2024) in M&A and Private Equity 

• Oakley Capital has acquired Horizons Optical from Sherpa Capital for €50 million. This investment in the progressive lenses software laboratory represents Oakley’s sixth investment in Spain.
• Werfen signs an agreement with Palex Medical (ApaxFremman Capital) for the divestiture of its Medical Devices and Scientific Instrumentation Distribution businesses in Spain and Portugal for c. €100 million. The sale includes Izasa Medical, A Werfen CompanyIzasa Scientific, A Werfen Company, and MC Medical, A Werfen Company.
• Suma Capital has acquired 80% of the share capital of ATH Bioenergy, a company focused on the production and commercialization of biomethane. This is a pioneering initiative aimed at transforming the energy and waste recovery landscape in the Canary Islands towards a more sustainable and competitive future.
• Hinojosa Packaging Group consolidates its presence in Europe with the acquisition of the Italian MS Packaging. This acquisition marks Hinojosa’s entry into Europe’s second largest packaging market. MS Packaging is an Italian family enterprise and had a turnover of 60 million euros in 2023.
• TRADEBE Life Sciences has expanded its international presence through the acquisition of the French company Fabster, a food flavourings producer. The company generated revenues of around 6 million euros in 2023.

• Dutch group Destino has acquired Doblemente – Tecnología para el turismo, a Spanish company specializing in reservation management and contracting systems ERPs for the travel industry.
• BBC Studios joins forces with BRUTAL MEDIA. The addition of Spain-based Brutal to its growing Global Entertainment production network will enable BBC Studios to respond to the increased appetite for BBC content from Spanish audiences.
• Controlauto (Brisa, Portobello Capital), a Portuguese company leading the vehicle inspection sector in Portugal, has expanded into Spain by acquiring 100% of the Catalan company PrevenControl, based in Terrassa, Barcelona.
• DUPLEX Ascensores is set to become the third largest elevator operator in Granada following its acquisition of Ascensores IASA. DUPLEX has done eight acquisitions since 2021. In 2023, the company achieved a turnover close to €50 million.
• MG Destilerías has acquired Coppa Cocktails to double its prepared cocktail sales. The integration is anticipated to solidify MG’s position in key international markets and the Global Travel Retail channel.

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