Acquisitions in Madrid, Spain

TELEO Capital announced that its portfolio company Univeris has acquired TechRules S.A. and will merge TechRules into the Univeris platform. The deal combines TechRules' front-office wealth management capabilities with Univeris' middle- and back-office functionality to create an end-to-end wealth management SaaS platform and expand Univeris' global footprint, particularly in North America.

The Fuse Group, the parent company of visual effects studios FuseFX, FOLKS, and Rising Sun Pictures, acquired El Ranchito, a high-end independent visual effects studio headquartered in Madrid, Spain (with a studio in Barcelona). Transaction terms were not disclosed, and El Ranchito’s co-founder and Managing Director Félix Bergés and the other partners will continue to lead the business under the El Ranchito brand. The Fuse Group is a portfolio company of private equity firm EagleTree Capital.

Lorca Telecom Bidco SAU, majority owned by funds managed or advised by Cinven, KKR and Providence Equity Partners, completed the acquisition of Spanish telecommunications operator MASMOVIL IBERCOM, S.A. The consortium acquired 99.3% of MASMOVIL’s outstanding shares, valuing the business at approximately EUR 5.3 billion at the tender offer price.