21 INVEST takes majority stake in GRUPO CELESA

Grupo Celesa, the Spanish cutting tools and hand tools maker, sold a majority stake to 21 Invest, marking the investment firm's first deal in Spain, according to an announcement dated 28 September 2026. Founder and chief executive Joseba Citores reinvested alongside 21 Invest and will continue as CEO, while the founder and management team remain closely involved in the company's growth. Alessandro Benetton, chairman of 21 Next and founder of 21 Invest, said the investment establishes 21 Invest in Spain, where it now works through a local team. The development plan agreed with 21 Invest covers international expansion across Europe, new product lines, organic growth and a stronger commercial and organisational structure, and contemplates targeted acquisitions to accelerate expansion in strategic markets including France, Italy and Northern Europe. Grupo Celesa generated revenue of in 2025, with foreign sales outside Spain at 15% of the total and France the leading export market. Banco Santander advised Grupo Celesa on M&A and Barrilero Abogados provided legal advice, while Tresmares financed the transaction. 21 Invest was advised by Arcano Partners on financial matters, Chevez on legal, KPMG on financial and ESG due diligence, Roland Berger on commercial analysis, EY on tax, Roca on labour law and Lesayra on financial documents. 21 Invest is part of 21 Next, the asset manager controlled by Gruppo Edizione.