M&A Deal Summary

Controlauto Acquires Globaltest

On July 6, 2022, Controlauto acquired automotive company Globaltest from Explorer Investments

Acquisition Highlights
  • This is Controlauto’s 1st transaction in the Automotive sector.
  • This is Controlauto’s 1st transaction in Portugal.

M&A Deal Summary
Date 2022-07-06
Target Globaltest
Sector Automotive
Buyer(s) Controlauto
Sellers(s) Explorer Investments
Deal Type Add-on Acquisition

Target

Globaltest

Vila Nova de Gaia, Portugal
Globaltest is a provider of vehicle inspection with 5 centers, spread over the country. All the centers have Quality Management System, approve IPAC (Portuguese Institute of Accreditation), and are all approved IMT – protection entity that regulates and oversees all the systems related to Technical Inspections of Motor Vehicles. Globaltest is based in Vila Nova de Gaia, Portugal.

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Buyer(S) 1

Buyer

Controlauto

Paço de Arcos, Portugal
Category Company
Founded 1993
Sector Automotive
DESCRIPTION

Controlauto is a technical vehicle inspection (ITV) operator in Portugal and one of the five largest ITV groups in the Iberian Peninsula. Controlauto was founded in 1993 and is based in Paço de Arcos, Portugal.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Portugal) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Explorer Investments

Lisbon, Portugal

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 1.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Explorer Investments is a private investment firm that looks to fund buyouts, as well as provide expansion and replacement capital to middle-market Portuguese companies. Explorer looks to invest a minimum of €15 million in transactions valued up to €150 million. Explorer does not have any sector preferences and typically holds investments for three to six years. Explorer Investments was formed in 2003 and is based in Lisbon.

DEAL STATS #
Overall 18 of 18
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 6 of 6
Country (Portugal) 15 of 15
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 FASTinov

Porto, Portugal

FASTinov provides patented disruptive technology to perform fast and reliable antimicrobial susceptibility tests. FASTinov AST kits are available and CE-marked for bloodstream infections by either Gram-Positive or Gram-Negative bacteria. FASTinov was founded in 2013 and is based in Porto, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-15 Nextbitt

Lisbon, Portugal

Nextbitt provides an innovative solution to optimise clients physical asset management. Nextbitt works with the largest companies, and this makes it a reference in Asset Management, Facility Management and Field Service. Nextbitt was founded in 2015 and is based in Lisbon, Portugal.

Buy -
Mergr

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