• Basque pre-cooked meal producers Urkabe Benetan (Stellum Capital) and Ameztoi Anaiak SL have merged to form a leading player in Spain’s ready-to-eat food sector. The combined group will generate over €40 million in annual revenue and employ 150 people across two production facilities. Albia IMAP acted as Ameztoi M&A advisor
• Atena Equity Partners has entered the Spanish market by acquiring Manufacturas Polisac, a specialist in technical films and flexible plastic packaging. This acquisition complements Atena’s earlier investment in Portuguese firm Plastrofa | Flexible Packaging, forming an Iberian group with over €24 million in annual revenue and 130 employees. Atena Equity Partners was advised by Albia IMAP on the transaction
• HESStec (Hybrid Energy Storage Solutions Ltd) announced the entry into its shareholding of Net Zero Ventures (Suma Capital), ABB and VERBUND X. This transaction will allow the company to strengthen its industrial and technological capacity with the launch of its own production line.
• IMPACT Partners, Inveready and Generali acquired a majority stake in Barcelona-based tekman Education from Miura Partners. Since Miura’s 2016 investment, Tekman has expanded from fewer than 1,000 to over 2,400 schools in Spain and Latin America, with projected revenues of €22 million in 2025. Its educational programs serve K–12 students.
• Nexxus Iberia has acquired a majority stake in Alicante-based SkinClinic, a specialist in advanced professional cosmetics. With €12 million in annual revenue, 90 employees, and 3,000 professional clients across Spain, Skinclinic also sells online and offers third-party manufacturing.
• World Wide Mobility, a Spanish mobility technology company founded in 2017, has repurchased the 10% stake previously held by Mutua Madrileña since 2019. This move consolidates WWM’s shareholder control and enhances its independence to pursue growth in developing innovative mobility solutions. During their partnership, WWM and Mutua collaborated on Voltio, the insurer’s car-sharing service, with WWM providing the technology.
• Spanish supermarket chain Ahorramas S.A has acquired 100% of Transvelilla, one of its long-time logistics partners, to strengthen its supply chain ahead of its expansion into Castilla y León by early 2026. Previously a minority shareholder, Ahorramas now fully owns the transport company, aligning with its strategic plan to professionalize operations and enhance efficiency.
• Basque restaurant chain Ñam is embarking on a new expansion phase, aiming to open new establishments in northern Spain and Madrid. This growth is supported by investments from Pangram Capital Partners and Growth Partners Capital.
