Acquisitions in Community of Madrid, Spain

Epassi Group, a European provider of employee benefits technology, has acquired VIP District, a rewards and employee engagement platform headquartered in Madrid, Spain. The deal expands Epassi’s footprint in Southern Europe—strengthening its presence in Spain and Portugal—and combines Epassi’s multi-benefit platform with VIP District’s engagement and rewards capabilities.

AXAITRA Group, a pan-European IT services group focused on cloud and AI services, has acquired Zertia Telecomunicationes S.L., a Spanish managed service provider and Microsoft partner. Founded in 2005 and headquartered in Madrid, Zertia serves medium-sized companies across Spain and will strengthen AXAITRA’s AI services offering and customer base in the region.

Nexxus Iberia Private Equity Fund II ("Nexxus") acquired CONTENUR, a manufacturer and servicer of municipal waste-collection and recycling containers, from ACON (ACON Southern Europe Advisory, S.L./ACON Investments) in a full divestment of ACON’s interest. Schroders and the European Investment Fund (EIF) joined as equity partners alongside Nexxus, while CONTENUR’s existing management team will continue to lead the business and remain significant shareholders. CONTENUR will remain headquartered in Getafe (near Madrid), Spain; financial terms were not disclosed.

ProA Capital agreed to acquire a majority stake of around 70% in Avioparts, a distributor of aircraft components and consumables. The deal is structured through a share purchase and a capital increase to support Avioparts’ organic and inorganic growth, valuing the company at roughly €40 million. Avioparts’ CEO and founding-family member David Fojon will remain in charge and retain a minority stake, alongside other management shareholders.

ARCHIMED acquired a majority stake in Madrid-based SUANFARMA through its €1 billion MED Platform I fund. The investment is intended to support SUANFARMA’s organic expansion and industry consolidation in active pharmaceutical ingredients and nutraceutical ingredients. SUANFARMA founder Hector Ara and management rolled a portion of their proceeds into a significant minority stake, and Ares Management Company provided acquisition debt financing.

EQT IX has agreed to acquire a majority stake in idealista, a leading online real estate classifieds marketplace operating in Spain, Italy, and Portugal, for approximately €1.3 billion. The stake is being sold by funds advised by Apax Partners along with management, with idealista’s founders and management team (led by CEO Jesús Encinar) expected to significantly re-invest and continue running the business. idealista is headquartered in Madrid, Spain, and provides an online marketplace and related digital services such as CRM tools, data analytics, and online mortgage brokerage.