Cuatrecasas advises Portobello Capital on selling its share in AGQ Labs to Fremman Capital
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SubscribeCuatrecasas has advised Portobello Capital (“Portobello”)—a leading independent private equity manager in the middle market—on selling its stake in AGQ Labs (“AGQ”) to Fremman Capital (“Fremman”). With this transaction, AGQ will be able to drive its expansion plans and focus on consolidating its presence in key markets. It will also diversify its services and search for international growth through an active mergers and acquisitions strategy. In this way, Portobello continues to reinforce an investment strategy based on boosting the growth of invested companies through establishing active partnerships and a strong collaborative spirit.
AGQ is a world leader in testing services, operating in over 30 countries through a network of 22 laboratories with around 1,200 employees. It deals with international and diverse clients from different sectors including agriculture, food and beverage, environmental services, mining and metallurgy. Its services are crucial for providing security, compliance and quality assurance to clients in complex and highly regulated markets.
Organic growth
In recent years, AGQ has experienced solid organic growth supported by favorable market dynamics, like the rise in regulatory requirements, the growing trend in outsourcing tests and the continuous globalization of supply chains. AGQ has closed eight add-on acquisitions, expanding and consolidating its services even more. Its profound technical experience and broad geographic presence in Europe, Latin America, the Middle East, and North America, puts AGQ in an ideal position to capitalize on these trends and strengthen its market position further.
Francisco J. Martínez Maroto (Corporate) led the team advising Portobello and commented on the transaction: “As always, it has been a pleasure advising Portobello on this transaction and successfully solving the technical challenges.” Sofía Lluch and Ana Laso were also on the advisory team.
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