M&A Deal Summary

Portobello Capital Acquires Condis

On December 3, 2021, private equity firm Portobello Capital acquired retailer Condis

Acquisition Highlights
  • This is Portobello Capital’s 2nd transaction in the Retail sector.
  • This is Portobello Capital’s 26th transaction in Spain.

M&A Deal Summary

Date 2021-12-03
Target Condis
Sector Retail
Buyer(s) Portobello Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Condis

Barcelona, Spain
Condis is a grocery chain in the Catalonia region. The company physically distributes through more than 160 own stores and 450 franchises and complements its offering with an online sales channel (CondisLine). Condis was founded in 1961 and is based in Barcelona, Spain.

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Buyer(S) 1

Buyer

Portobello Capital

Madrid, Spain

Investor Investor Investor Investor Investor


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 28 of 34
Sector: Retail M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 21
Country: Spain M&A 26 of 31
Year: 2021 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Farmol

Comun Nuovo , Italy

Farmol specializes in production of aerosol-based and liquid-based products for the cosmetics, personal hygiene, detergents and pharmaceutical sector. Farmol was founded in 1946 and is based in Comun Nuovo, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Legálitas

Madrid, Spain

Legálitas is a digital provider of legal assistance services in Spanish language. Legálitas was founded in 1999 and is based in Madrid, Spain.

Buy -