M&A Deal Summary

Mutua Madrileña Acquires Centauro Rent-A-Car S.L.

On July 25, 2019, Mutua Madrileña acquired transportation company Centauro Rent-A-Car S.L. from Portobello Capital and Tikehau Capital for 130M EUR

Acquisition Highlights
  • This is Mutua Madrileña’s 1st transaction in the Transportation sector.
  • This is Mutua Madrileña’s 0th largest (disclosed) transaction.
  • This is Mutua Madrileña’s 1st transaction in Spain.

M&A Deal Summary

Date 2019-07-25
Target Centauro Rent-A-Car S.L.
Sector Transportation
Buyer(s) Mutua Madrileña
Sellers(s) Portobello Capital
Tikehau Capital
Deal Type Add-on Acquisition
Deal Value 130M EUR

Target

Centauro Rent-A-Car S.L.

Alicante, Spain
website
Centauro Rent-A-Car S.L. is a provider of low-cost car rental services in the Iberian Peninsula, with 15 rental offices across Spain and Portugal. Centauro operates primarily through off-airport locations in the major touristic destinations in the Mediterranean and Portuguese coast. Centauro Rent-A-Car S.L. was founded in 1973 and is based in Alicante, Spain.

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Buyer(S) 1

Buyer

Mutua Madrileña

Madrid, Spain

website


Category Company
Founded 1930
Sector Insurance
DESCRIPTION

Mutua Madrileña is a non-profit Spanish insurance company, that provides life, automobile, health and accident insurance as well as pension and investment funds. Mutua Madrileña was founded in 1930 and is based in Madrid, Spain.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Spain) 1 of 1
Year (2019) 1 of 1

Seller(S) 2

SELLER

Portobello Capital

Madrid, Spain

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2010
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Portobello Capital is a private equity firm focused on acquiring on acquiring middle-market Spanish companies. Portobello prefers unique investment situations where the Firm can step in. These include broken deals, situations where shareholders are misaligned, or complex transactions. Portobello targets businesses valued from €50 to €500 million where the Firm can invest €10 to €100 million. Portobello Capital does not have any sector preferences although the Firm will not invest in financial services, real estate, or IT. Portobello Capital was formed in 2010 and is based in Madrid.


DEAL STATS #
Overall 9 of 13
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 5 of 6
Country (Spain) 9 of 13
Year (2019) 4 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-25 Laulagun Bearings S.L.

Gipuzkoa, Spain

Laulagun Bearings S.L. is a designer, manufacturer, and commercialises special large diameter bearings and slewing rings for a wide range of applications. Laulagun Bearings was established in 1973 and is based in Gipuzkoa, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-26 Elmubas Petfoodgroup

Azpeitia, Spain

Elmubas Petfoodgroup is a private label pet food manufacturer in Spain, providing best-in-class service, quality and pricing to over 500 clients. Elmubas Petfoodgroup was founded in 1978 and is based in Azpeitia, Spain.

Buy -
SELLER

Tikehau Capital

Investor Investor

website


Category Asset Manager
Founded 2004
PE ASSETS 2.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tikehau Capital is the direct investing arm of asset management firm Tikehau Investment Management. Tikehau looks to invest directly in listed and unlisted companies, private equity funds, as well as minority co-investments with other partners. Tikehau Capital was formed in 2004 and is based in Paris.


DEAL STATS #
Overall 2 of 5
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (Spain) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Ellisphere

Nanterre, France

Ellisphere is a provider of a comprehensive range of business and marketing information services, which allow its clients to develop their portfolio of customers, manage risk and monitor client exposure. Ellisphere collects and processes data to provide high quality, tailored solutions to support clients’ decision-making processes. Ellisphere was founded in 2014 and is based in Nanterre, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 DoveVivo

Milan, Italy

DoveVivo is a premier co-living company, that manages a portfolio of about 1,000 homes in 5 cities, thanks to a network of over 350 owners and investors to whom it offers real estate management and an enhancement service that maximizes profit in the long term by minimizing risk and costs. DoveVivo was founded in 2007 and is based in Milan, Italy.

Buy -