Adapta Capital acquires MAC Group through Irmarfer

Adapta Capital is doubling down on its commitment to the modular structures and temporary spaces sector with the acquisition of the Catalan company MAC Group, which will be incorporated into the portfolio of IRMARFER —acquired by Adapta Capital in 2025. Together, both companies employ 300 people across Portugal and Spain and achieved combined revenues exceeding €30 million in 2025, a figure that Adapta Capital aims to double within a period of three to five years.

Through the integration of MAC Group, IRMARFER’s ability to offer end-to-end solutions within the events ecosystem will be strengthened, from the structural framework itself to fit-out and interior design, with the aim of consolidating its leadership position in Southern Europe.

The complementarity of both companies will enable, on the one hand, the delivery of comprehensive solutions to organizers, agencies, and brands—ranging from structural infrastructure to the development and customization of interior spaces. On the other hand, it will also allow the group to undertake larger-scale and more complex projects, particularly in sporting events, international trade fairs, festivals, and corporate hospitality.

“The integration of MAC Group into IRMARFER’s portfolio strengthens our ability to deliver increasingly comprehensive projects. In addition to our engineering capabilities, industrial capacity, and expertise in large modular infrastructures, carpentry, and graphics, we are now adding greater specialization in design and interior architecture. This enables us to create even more integrated and higher-value spaces for our clients. Furthermore, IRMARFER’s extensive product portfolio will allow MAC Group to expand its range of solutions alongside its Spanish and international clients,” said Afonso Barros, CEO of IRMARFER.

For their part, Montserrat Ametller and José Manuel Pelayo, founders of MAC Group, highlighted that: “Becoming part of IRMARFER allows us to join a platform with strong industrial capabilities and international reach. Our specialization in design and interior architecture is now integrated into a structure with significant industrial and engineering capacity, enabling us to add value in the development of interior spaces and the overall client experience.”

Adapta Capital noted that the temporary structures sector is a strategic and growing market, driven by the rise of large-scale events, temporary logistics, and new forms of experiential consumption, although it has historically been highly fragmented.

Pérez-Llorca acted as legal advisor to IRMARFER, while Deloitte served as financial advisor. ALBIA IMAP and BSK Legal advised the sellers.

About Adapta Capital

Adapta Capital is an investment vehicle backed by families of well-known entrepreneurs seeking to invest in family-owned businesses and entrepreneurial ventures in Spain and Portugal, with the mindset of becoming a long-term partner and supporting their next phase of growth. The businesses of the entrepreneurs involved in Adapta Capital employ more than 200,000 people across multiple sectors and operate in over 45 countries across Europe, the Americas, and Asia.

Adapta Capital currently holds stakes in the laser hair removal chains Láserum and Elha Laser Center, the door manufacturer Proma, IRMARFER, and now MAC Group.

About IRMARFER – IRMARFER Structures, IRMARFER Stands and IRMARFER Publicidade

IRMARFER is a company with over 28 years of experience specializing in the manufacturing, sale, and rental of modular structures. It includes both a division focused on the production and installation of custom-designed stands and a division dedicated to graphics and advertising. Thanks to its focus on quality, innovation, and customization, IRMARFER has participated in some of the most iconic international events, delivering unique and differentiated structural solutions