Portobello agrees to purchase tool distributor JBM
The operation values the company at between 100 and 120 million euros. The founder is expected to remain a shareholder and at the helm of management.
Portobello Capital has reached an agreement to acquire a majority stake in JBM, a Spanish distributor of professional tools and equipment for the automotive and workshop sectors. The deal values JBM between 100 and 120 million euros, with founder and CEO Jordi Borrell set to remain a shareholder and in charge of management. JBM's EBITDA is around 20 million euros, and the company operates with a catalog of over 7,000 references and a presence in Spain, China, and 68 countries.
The acquisition is pending regulatory approvals, including from competition authorities in Spain and Portugal.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
