Acquisitions in Valencia, Spain

MiddleGround Capital, an operationally focused private equity firm, has completed the acquisition of IT8, a Valencia, Spain–headquartered engineering services company specializing in mechanical, electrical, PLC/robot programming, and installation services for line automation and BIW welding lines. MiddleGround plans to leverage IT8's technical capabilities to expand service offerings beyond automotive into intra-logistics, commercial vehicles and aerospace, and to support demand from electrification and other mobility trends.

Portobello Capital has agreed to purchase a 45% stake in Onion Solutions, S.L. (doing business as Eurocebollas) from NAZCA Capital. The minority investment is intended to support the company's organic growth and a new stage of international expansion alongside the existing management team.

Groupe SEB acquired Zummo, a Spain-based global leader in automatic fruit and vegetable juice extraction machines, to expand and strengthen its professional foodservice offering. Prior to the deal, Zummo was owned 93% by Meridia Private Equity I (managed by Meridia Capital Partners) and 7% by Olmina Valencia, an entity owned by founder Rafael Olmos.