Portobello Capital has reached an agreement with Crest Capital Partners to acquire a majority stake in Dualparts Group, the independent leader in the distribution of automotive spare parts in Portugal, with the previous shareholders and the management team reinvesting in the project, thereby reinforcing their commitment to the continuity and growth of the platform.
Resulting from the integration of Auto Delta, Fimag and Alecarpeças, Dualparts Group has established itself as the market leader in the distribution of automotive spare parts in Portugal, standing out for the breadth of its catalog and its nationwide coverage, ensuring excellent customer service. Dualparts Group recorded revenues of €93 million in 2024.
Portobello Capital will continue to support Dualparts’ growth strategy, strengthening its physical presence in Portugal, developing and optimizing operations and customer service, and exploring potential growth opportunities through acquisitions across the Iberian Peninsula.
This investment represents Portobello’s second transaction in Portugal, following the acquisition of a minority stake in Controlauto. It is also the first investment carried out by the manager’s new fund, Portobello Capital Fund V, whose mission is to support leading companies in strategic sectors, promoting consolidation, expansion, and professionalization.
Portobello Capital was advised by Natixis, Pérez-Llorca, PwC, and Aon. Crest Capital Partners was advised by DC Advisory, Roland Berger, PwC, and SRS Advogados.
The transaction is subject to approval by the Competition Authority.
About Portobello Capital
Founded in 2010, Portobello Capital is an independent private equity firm specialized in mid-market transactions in Southern Europe. Based in Madrid, it manages more than €3.3 billion in assets and has an experienced team of over 40 professionals and a portfolio of 25 companies.
About Crest Capital Partners
Founded in 2017, Crest Capital Partners is a private equity firm based in Lisbon. With more than 50 transactions completed, across 17 platforms, three funds, and over €300 million under management, Crest has built a diversified portfolio of leading companies in multiple sectors.
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