Baker McKenzie and EY advise on the acquisition of 27% of an industrial holding company in Germany

Baker McKenzie’s corporate M&A team and EY Abogados have advised Portobello on its first direct investment in Germany: the acquisition of 27% of an industrial holding company dedicated to acquiring and developing B2B and high value-added industrial companies within the German Mittelstand. The holding company acquires stable, cash generative, proprietary technology businesses at attractive valuations, while maintaining a conservative level of debt, and reinvests the cash flows generated by the acquired companies in new acquisitions for further growth.

Portobello’s investment has been made through a capital increase that will finance new acquisitions and enhance the growth of the business in the coming years. This is Portobello Structured Partnerships Fund I’s fifth investment, following AGQ Labs, Condis Supermercats, Torre Oria and the recent investment in Eurocebollas, demonstrating the high demand in the market for minority and/or structured capital.

The Baker McKenzie multi-jurisdictional team was led by Luis Casals and Modesto Puerta from the Madrid office and Thomas Gilles and Markus Mörtel from Frankfurt.

EY Abogados team has been formed by Manuel Paz (partner), José Enrique Padilla Garcia (senior manager). Christian Biel (partner) and Fabian König (senior manager) also participated from Germany.