Grupo Mutua Madrileña has acquired Centauro Rent a Car from Portobello Capital
Grupo Mutua Madrileña has acquired Centuaro Rent a Car from Portbello Capital.
Grupo Mutua Madrileña has a portfolio of more than 13 million customers and a premium income of US$5.7 billion. It is the Iberian Peninsula's leading firm in non-life insurance and operates in the car, motorcycle, legal defense, accident and illness insurance. It also offers insurance in healthcare, roadside assistance, home multi-risk, general civil responsibility, as well as investment funds and pension plans. This acquisition is part of the Group's 2018–2020 strategic plan, which has the primary objective of playing a key role in the field of advanced mobility solutions. Centauro has demonstrated solid performance and great agility to expand and gain market share nationally and internationally, generating the necessary capabilities to address the traditional vehicle rental market and the new mobility trends we are experiencing.
Founded in 1973, Centauro is among the top seven car rental companies in Spain. It has 33 offices in Spain, Portugal, Greece and Italy, and an average fleet of more than 30,000 vehicles. In 2018, the company achieved a turnover of US$95 million, 17% above the previous year, and pre-tax profits of approximately US$16 million.
Portobello Capital is a leading independent mid-market private equity firm in Spain. The firm has approximately US$1.4 billion of capital committed under management, a team of 28 professionals and 13 companies in its portfolio.
Oaklins' team in Spain acted as the exclusive financial advisor to Grupo Mutua Madrileña and advised on all aspects of the design, negotiation and closing of the transaction.
Talk to the deal team
Related deals
Jeco Energies has sold a significant minority interest to NPM Capital
NPM Capital has acquired a significant minority interest in Jeco Energies. By teaming up with NPM Capital, Jeco Energies is ready for the next step in its remarkable growth trajectory and strengthening its position as the leading industrial energy solutions provider.
Learn moreGroupe JVS has completed an LBO with Capza and Bpifrance
The shareholders of Groupe JVS have completed an LBO with Capza and BpiFrance. Parquest sold their shares after partnering with the organization for three years. Groupe JVS’s management team will increase its ownership and remain as the majority shareholder of the group, alongside CAPZA and Bpifrance.
Learn morePBV Investment Holding Europe-America, S.L. (IDP Group) has been sold to Bureau Veritas
Nazca Capital and the company founders have sold PBV Investment Holding Europe-America, S.L. (IDP Group) to Bureau Veritas. This strategic acquisition will allow Bureau Veritas to expand its leadership in building and infrastructure solutions and meet sustainability challenges through IDP’s digital portfolio assets.
Learn more