At what enterprise value was CONDIS acquired in 2021?

During the acquisition of CONDIS by PORTOBELLO CAPITAL in 2021, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

What was the EV/EBITDA of CONDIS when it was acquired by PORTOBELLO CAPITAL?

The estimated EV/EBITDA multiple for CONDIS is in the range of 5x - 12x.

When was CONDIS acquired by PORTOBELLO CAPITAL?

CONDIS was acquired by PORTOBELLO CAPITAL in 2021.

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

The revenue of CONDIS at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of CONDIS during the acquisition?

CONDIS's EBITDA is estimated to be in the range of 25M - 50M EUR.

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://capital-riesgo.es/es/articles/portobello-capital-entra-en-el-capital-de-condis-supermercats/

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.

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Home Database Retail & ConsumerCONDIS

12/2021

PORTOBELLO CAPITAL takes majority stake in CONDIS

SPAIN Retail / Food Retail / General Grocery EV 300M - 700M EUR

Context

Portobello Capital took control of Condis Supermercats, the Barcelona-based neighbourhood supermarket chain, in a deal agreed with the company’s management team and announced in December 2021. The share purchase agreement had been signed in August 2021 and cleared by the Spanish competition authority, the CNMC, in November. The Condal family, which had owned the business, kept a stake in the capital. Day-to-day management stayed with the existing executive team, and a new board was formed, chaired by chief executive Manel Romero and made up of three members of Portobello Capital’s investment team alongside one or two independent directors. With the new shareholder in place, Condis opened a phase of expansion in the Barcelona area, the rest of Catalonia and Andorra, combining new store openings with acquisitions. Sigrun Partners, CS Corporate Advisors and BBVA advised on the transaction.

CONDIS, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.9x).

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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.

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Other operations with CONDIS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
09/2026	PORTOBELLO CAPITAL	CONDIS	SPAIN	General Grocery

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 450M - 900M EUR

EBITDA range: 25M - 50M 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.

Target: condis

Acquirer: portobello capital