Abordador Capital to take control of Spain's Clarel in €22M capital raise
What's the deal? Luxembourg investment firm Abordador CapitalDealroom has a profile for this one. Try Dealroom → has agreed to become the majority shareholder of ClarelDealroom has a profile for this one. Try Dealroom →, the Spanish perfumery, cosmetics, and household goods chain, through a €22 million capital increase. Grupo Trinity and Mando Capital also took part, and the deal awaits approval from Spain's Comisión Nacional de los Mercados y la Competencia (CNMC).
What's the endgame? The round is a change of control rather than an outright sale. Abordador Capital, already a shareholder, will strengthen its position to become the majority owner and fund Clarel's next growth phase, though the new ownership percentages were not disclosed.
Why now? Clarel is pursuing a plan through 2028 to remodel 70% of its stores and add about 150 outlets. The capital increase follows €8 million in shareholder loans from Trinity and Mando Capital in early 2026, signalling that the expansion program has needed substantial financing.
What could go wrong? Clarel reported 2025 sales down 1.3% to €266.3 million and net profit down roughly 55% to just over €1 million. It competes in a crowded Spanish beauty-retail market where rivals Druni and PrimorDealroom has a profile for this one. Try Dealroom → are expanding, and it has lost some market share.
David Avilés, chief executive officer of Abordador Capital, pointed to the firm's "confidence" in Clarel.
The signal: The €22 million deal sits in the 19th percentile by amount among comparable rounds — modest in absolute terms. But as a majority-control transaction tied to a turnaround, it reflects investor appetite for established retail brands that need capital to defend share in a competitive market.
Read more: intereconomia.com
Image credit: Generated with Gemini
