PORTOBELLO CAPITAL takes majority stake in BEABA SUAVINEX

Portobello Capital acquired a majority stake in The Béaba Suavinex Group, the premium baby care platform, from Bluegem Capital Partners, in a deal announced on 30 July 2026. The Spanish private equity firm took 51% of the group, while Bluegem kept 48% and the management team the remaining 1%. The transaction valued the group at an enterprise value of , for revenue of €130M and an EBITDA of €20M, an EV/EBITDA multiple of and an EV/revenue multiple of . It was Portobello’s second investment through its Fund V and remained subject to regulatory approvals. Bluegem, a UK-based pan-European mid-market firm investing in consumer businesses, had bought Béaba in 2020 and, through it, acquired Suavinex from the founding Lubián family in 2022. The group quadrupled in size over that period, growing organically and through acquisitions, with international markets and the United States driving much of the expansion. Chief executive Julien Laporte stayed at the head of the business. Portobello and Bluegem planned to accelerate Suavinex’s international expansion using Béaba’s existing footprint, develop the online channel, widen the range into adjacent baby care categories and pursue selective acquisitions. Portobello was advised by LABS Corporate Finance and Marlborough Partners on the financial side, Uría Menéndez on legal, financing and competition matters, and Bain & Company and EY on due diligence. Bluegem worked with Altamar Advisory Partners and Harris Williams, with Baker McKenzie as legal counsel and Strategy& and Alvarez & Marsal on due diligence.