Portobello buys Spanish furniture maker Martínez Otero to build €150M group
What's the deal? Portobello CapitalDealroom has a profile for this one. Try Dealroom → has acquired a majority stake in Martínez OteroDealroom has a profile for this one. Try Dealroom →, a Galician maker of custom furniture for the hotel, retail, residential, and premium marine sectors. The Spanish private equity firm's move came alongside Martínez Otero's first-ever acquisition — the integration of Grupo Bermúdez Solutions, which specialises in tech-enabled furniture for retail stores. Terms were not disclosed.
The players: Based in A Estrada, Pontevedra, Martínez Otero handles full project execution and has production sites in Spain, Morocco, and the Dominican Republic. It employs more than 450 people and is chaired and led by chief executive officer Alejandro Valladares Durán.
The combined group will post revenue of roughly €150 million and estimated EBITDA of €15 million to €16 million. Shareholders tied to the founding family will keep a significant stake and stay involved in management.
What's the endgame? The capital will fund Martínez Otero's international expansion, strengthen its industrial capabilities, and back further investment in innovation, technology, and bolt-on acquisitions. The Bermúdez deal is the first such move, widening the group's product range.
Why now? The deal runs through Portobello's Fund V, which closed at €710 million. The same fund has already backed Portugal's DualParts and Spain's The Béaba SuavinexDealroom has a profile for this one. Try Dealroom →, signalling an active buy-and-build strategy.
The signal: The acquisition reflects private equity's appetite for consolidating fragmented mid-market manufacturers into larger, export-focused platforms. By pairing a founder-led furniture specialist with a tech-focused bolt-on, Portobello is betting that scale and product breadth will drive growth beyond Spain.
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Image credit: Generated with Gemini
