ProA buys Ambuibérica in all-equity deal
Spanish private equity firm ProA Capital has acquired an 85% stake in ambulance company Grupo Ambuibérica as part of an all-equity deal.
The buyout transaction, which will also involve a capital increase, sees the company's assistant managing director Maria Ascension Martin join the shareholding structure, alongside existing investor and CEO Carlos Magdaleno Fernández. ProA's capital was purchased from 27 minority stakeholders.
Ambuibérica has a turnover of €48m and is one of the only ambulance operators to have a multiregional presence in Spain.
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