Week 17 (2025) in M&A and Private Equity:
• Seaya has acquired around 70% of Baïa Food, a company specializing in natural probiotics and supplements. Cantabria Labs and Central Lechera Asturiana sold their stakes. Seaya invested over €10 million via its Seaya Andromeda fund, which targets high-growth, digital, and green transition companies.
• Miura Partners has acquired a majority stake in Dental Ibérica: Depósito Dental, a leading distributor of dental products, from Nzyme and Almond Capital. This reflects Miura’s strategy to consolidate the dental sector, following previous investments in Terrats Medical and Proclinic.
• BIOVIC Gas Renovable, a Spanish biogas engineering and agribusiness consulting firm, has formed a strategic alliance with Biomethane Initiatives, a joint platform by Suma Capital and SITRA Agua Industrial & Bioenergía.
• Adapta Capital has invested in the Portuguese company IRMARFER STRUCTURES (Crest Capital Partners), a leader in temporary structures for events. Irmarfer, with an annual turnover of €25 million, specializes in designing and manufacturing modular structures such as tents, stages, and grandstands for large-scale events.
• ACCIONA Energía acquires CABLE ENERGÍA and expands EV charging network in Spain and Portugal. ACCIONA Energía has taken a significant step in its electric mobility strategy by acquiring Cable Energía, the company that owns and operates Shell Recharge network in Spain and Portugal, outside of Shell’s service stations.
• Grupo Vall Companys, a Catalan agri-food group, has acquired an additional 10.01% stake in the Andalusian poultry company Inasur, reaching a majority 50.01% share. Inasur, based in Córdoba, produces 20 million chickens annually, adding to Vall Companys’ 170 million. Inasur employs 500 people and recorded €91.6 million in sales and €6.1 million in profit in 2023.
• NALBA Advisors, a strategic consulting firm specializing in payments, banking, and fintech, has acquired Deep Payments.
• Ontech Group, a Spanish technology company specializing in Controlled Electromagnetic Fields, has acquired the production unit of Elimco AeroSpace, a Sevillian aeronautical firm. Elimco, which has been in voluntary bankruptcy since May 2024, remains operational with contracts from Airbus and Navantia.
• Eguía Food Factory has acquired Acico Legumbres y Conservas, a Navarra-based company specializing in canned vegetables, legumes, sauces, and ready-to-eat meals.
• Internaco Group has entered the swimming pool sector by acquiring TPS, a company specializing in pool equipment and accessories. Internaco plans to leverage its existing logistics network and commercial infrastructure to expand into this new market.
