Deal Details

Portobello Sells Minority Equity Stake to Fremman

Technology & Services

Portobello sale of minority equity stake in AGQ to Fremman

Summary

Portobello Capital (“Portobello”) has reached a definitive agreement to sell its minority equity stake in AGQ Labs (“AGQ” or the “Company”) to Fremman Capital (“Fremman”). Terms of the transaction were not disclosed. This transaction is subject to customary closing conditions.

Baird served as a financial advisor to Portobello on the transaction, alongside Arcano Partners, an independent financial advisory and asset management firm headquartered in Spain. Baird and Arcano have an exclusive alliance to deliver a best-in-class combination of local execution and global sector and advisory expertise to leading businesses in the Iberian region.

About

Founded in 2010, Portobello Capital is a leading independent private equity firm focused on the middle market in Southern Europe. The firm invests in a diverse range of industries including food, manufacturing and services, taking both controlling and minority stakes to accelerate company growth through consolidation, professionalization and internationalization. With approximately $3.9 billion in assets under management, Portobello is headquartered in Madrid, Spain.

Founded in 1993, AGQ Labs is a global testing, analysis and engineering company providing services to ensure safety, compliance and quality. The Company operates 22 laboratories across more than 30 countries, with a team of approximately 200 employees serving clients in the agriculture, food & feed, environmental, life sciences and mining sectors. AGQ is headquartered in Seville, Spain.

Founded in 2020, Fremman Capital is a pan-European, mid-market private equity investment firm that partners with management teams to transform local champions into multinational leaders. The firm has a targeted investment approach focused on four core sectors: Business & Tech Services, Healthcare, Consumer Goods & Distribution and Industrials. With offices in Madrid, Paris, Munich and Luxembourg, Fremman is headquartered in London, United Kingdom.

Technology & Services

Portobello sale of minority equity stake in AGQ to Fremman