M&A Deal Summary

Portobello Capital, Tensile Capital Management and Headway Capital Partners Acquire Plenoil

On January 15, 2024, private equity firm Portobello Capital, private equity firm Tensile Capital Management and secondary investor Headway Capital Partners acquired oil/gas exploration company Plenoil

Acquisition Highlights
  • This is Portobello Capital’s 1st, Tensile Capital Management’s 1st and Headway Capital Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Portobello Capital’s 31st, Tensile Capital Management’s 1st and Headway Capital Partners’ 1st transaction in Spain.

M&A Deal Summary
Date 2024-01-15
Target Plenoil
Sector Oil/Gas Exploration
Buyer(s) Portobello Capital
Tensile Capital Management
Headway Capital Partners
Deal Type Recapitalization

Target

Plenoil

Madrid, Spain
Plenoil operates low-cost automatic service stations in billing, liters sold, and refueling, concentrating almost half of the new service station openings in Spain last year. The service stations operate with a convenient automatic payment system (payment with credit card or cash at the pump) and fully comply with environmental and safety regulations. Plenoil is based in Madrid, Spain.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 3

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 34 of 34
Sector (Oil/Gas Exploration) 1 of 1
Type (Recapitalization) 1 of 1
Country (Spain) 31 of 31
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Controlauto

Paço de Arcos, Portugal

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.

Buy -
Buyer

Tensile Capital Management

Category Private Equity Firm
Founded 2012
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Recapitalization) 1 of 1
Country (Spain) 1 of 1
Year (2024) 1 of 1
Buyer

Headway Capital Partners

Investor Investor Investor Investor Investor

Category Secondary Investor
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 4 of 5
Sector (Oil/Gas Exploration) 1 of 1
Type (Recapitalization) 1 of 1
Country (Spain) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Campany Roof Maintenance

West Palm Beach, Florida, United States

Campany Roof Maintenance provides roof maintenance, repair, and replacement services for condominium and homeowner associations, commercial properties, and high-end, single-family homes in South Florida. The company specializes in solutions for property owners and managers facing aging infrastructure, stricter insurance requirements, and a desire to minimize disruption to residents and operations. Campany Roof Maintenance was founded in 1995 and is based in West Palm Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 SCCI

Harlow, United Kingdom

SCCI is an independent provider of design, installation, and maintenance solutions for next-generation networks and related connected devices and systems. Service lines include the provision of In-building networks, fire & life safety services as well as specialist fiber services. Customers range from Social and Private Housing operators, with a particular focus on multi-dwelling units, corporate clients (including leisure & hospitality and healthcare), as well as telcos/alternative network operators. SCCI was founded in 2007 and is based in Harlow, United Kingdom.

Buy -
Mergr

Product

Company

Legal