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Case studyIbérica Partners

Last-mile logistics platform · multi-region buyer

Same-day delivery network with operations across Iberia and LATAM. Sold to a European infrastructure fund after a 19-week competitive process.

Firm Ibérica Partners
Location Madrid
Sector Last-mile logistics
The result
EUR 280M
EV
12.7× EBITDA
Multiple
22
Bidders
19 weeks
Process length
Challenge

Barceló Logistics operates 14 last-mile depots across Spain, Portugal and Mexico. The founder family wanted a financial sponsor with infrastructure expertise to scale the network to Brazil and Colombia.

Approach

Dealflou handled NDAs from 22 firms over six weeks · 14 strategics and 8 financial sponsors. The data room carried 89 documents including 4 years of operational KPIs, the depot lease portfolio and the route-density heatmaps.

Outcome

The AI diligence cross-check flagged a working-capital seasonality of ±EUR 8.4M (Q1 expansion) that wasn't in the CIM's normalised WC target. The advisor addressed it in CIM v4; the eventual buyer used it to anchor a downward closing-price adjustment.

EUR 280M EV · 12.7× EBITDA · 22 NDAs · 19 weeks

Ibérica Partners · Madrid
By the numbers
EUR 280M
EV
12.7× EBITDA
Multiple
22
Bidders
19 weeks
Process length
89
Documents in room
22
NDAs executed

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