When was CONDIS acquired by PORTOBELLO CAPITAL?

CONDIS was acquired by PORTOBELLO CAPITAL in 2026.

What was the revenue of CONDIS at the time of the deal?

The revenue of CONDIS at the time of the deal was EUR810M.

What was the EBITDA of CONDIS during the acquisition?

CONDIS's EBITDA during the acquisition was EUR60M.

How is the data for the CONDIS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CONDIS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.portobellocapital.es/en/condis-supermercats-begins-a-new-phase-of-growth-alongside-portobello-capital/

What is the average EV/EBITDA multiple for the Retail & Consumer sector in 2026?

The average EV/EBITDA multiple for the Retail & Consumer sector in 2026 is 11.9x.

← DATABASE

Home Database Retail & ConsumerCONDIS

09/2026

PORTOBELLO CAPITAL takes majority stake in CONDIS

SPAIN Retail / Food Retail / General Grocery REV 450M - 900M EUR

Context

Portobello Capital and the management team of Condis Supermercats entered a new phase of ownership of the Catalan supermarket chain in September 2026, backed by a financing package led by Hayfin Capital Management. The fund and the team led by chief executive Manel Romero kept control of the company, with Hayfin providing the debt. Portobello Capital had held its stake since 2021, when the Condal family left the shareholding of the Barcelona-based retailer. Manel Romero and the existing management remained in place to lead the business into its next stage of growth. At the time of the transaction, Condis Supermercats generated revenue of €810M and an EBITDA of €60M, an EBITDA margin of 7.4%, after raising its EBITDA by 38% year on year.

It is worth noting that the fund Portobello Capital took control of Condis through an LBO in 2021.

-> Deep-dive in Retail & Consumer market trends

Target

Condis Supermercats runs a chain of neighbourhood supermarkets in Catalonia and Andorra, selling food and household products in stores sized for everyday shopping close to home. Part of the network is company-owned and part is operated by franchisees, whom Condis supplies and supports commercially. Its ranges combine national brands with regional products and an emphasis on fresh categories such as produce, meat, fish and bakery. The company is headquartered in Barcelona and supplies its stores through its own logistics operations.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

FREE VIEW

Year

Rev

EBITDA

EBIT

2025

810M

60M

2024

Other operations with CONDIS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2021	PORTOBELLO CAPITAL	CONDIS	SPAIN	General Grocery

REFERENCES

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CONDIS by PORTOBELLO CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: condis

Acquirer: portobello capital