PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/73 - Portobello / Dualparts II
Acquiring
Cartera Dual, S.A.
Description
The company is ultimately controlled by Portobello, an independent private equity firm based in Spain. Portobello currently holds 26 investments through eight funds. Its portfolio includes companies from various sectors, such as tourism, retail, technology, education, and mobility services.
Acquired
Dualparts II, S.A.
Description
Currently controlled by Crest Capital Partners, DualParts II operates as an independent distributor of automotive spare parts in Portugal, focusing on the light vehicle segment. DualParts II controls the following companies, all dedicated to the distribution of automotive spare parts:Auto Delta – Comércio de Peças, Acessórios e Automóveis, S.A.; FIMAG FIMAG – Importação e Comércio de Automóveis, S.A.; and Alecarpeças – Acessórios de Automóveis, S.A.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger transaction consists of the acquisition by Cartera Dual, S.A. (“Cartera Dual”), a company ultimately controlled by the investment fund Portobello Capital Fondo V, FCR, managed by Portobello Capital Gestión, S.G.E.I.C., S.A. (“Portobello”), of exclusive control of DualParts II, S.A. (“DualParts II”) and, indirectly, of its subsidiaries.
Timeline
2025-10-01
AdC adopted a non-opposition decision in concentration operation 73/2025 - Portobello / Dualparts II.
2025-09-12
Portobello notifies the acquisition of exclusive control over Dualparts II.
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