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PHI Industrial acquires Verot
in 2026PHI Industrial acquires Verot and strengthens its presence in the laser cutting and metal fabrication sector A new investment that consolidates the fund’s commitment to high value-added industrial companies. Madrid, January 2026. PHI Industrial, a fund specialized in the acquisition and active management of industrial companies, has completed the acquisition of Verot and Industrias del […]
BlueSun (Phi) acquires German company fit and strengthens its position in Europe
in 2025BlueSun, a company owned by Phi Industrial and specialising in the production of detergents, has acquired 100% of the German firm fit, a leader in cleaning and personal care products. With this transaction, BlueSun will have three production plants in Europe (Germany and Spain), a presence in 40 international markets, a workforce of nearly 1,000 […]
The PHI Fund (Lladró) Goes Shopping in Spain and Acquires Two New Companies
in 2025PHI Industrial, the private equity fund focused on special situations and known in Spain for being the owner of the porcelain brand Lladró for several years, has deployed its latest fund and acquired two new industrial companies. The investment group, led by Jordi Bricio and Alexander Wit, has completed the acquisition of Panalia Derivados de la Harina (Panalia) and Palinox Ingeniería y Proyectos, both founded and managed until now by family entrepreneurs. The financial details of the transaction have not been disclosed.
Phi Industrial announces closing of a €287m Phi Continuation Fund I
in 2025Phi Industrial announces closing of a €287m Phi Continuation Fund I led by Hollyport Capital, with Kline Hill Partners as Co-Underwriter Hollyport Capital provided an anchor commitment as lead investor alongside Kline Hill as co-underwriter, complemented by meaningful support from existing investors, new institutional investors and an investment from Phi Fund III €61m of new […]
The owner of Lladró buys Tecknicalde
in 2024, 2024The owner of Lladró buys the Spanish industrial company Tecknicalde. The PHI Industrial fund continues to expand its investment portfolio with a new move in the industrial sector. PHI Industrial, owner of brands such as Lladró or Café & Té, continues to diversify its portfolio in the industrial area with the acquisition of 100% of […]
Compañía del Trópico acquires the Malaga-based coffee shop chain ‘Julieta Coffee’
in 2024, 2024Compañía del Trópico acquires the Malaga-based coffee shop chain ‘Julieta Coffee’ Julieta Coffee currently operates five outlets in the Málaga area, with one additional location in Torre del Mar. The recent acquisition aligns with the company’s inorganic growth strategy. More about the news in the following article: Compañía del Trópico acquires the Malaga-based coffee shop chain
PHI Industrial promotes creative direction at Lladró
in 2023Since the acquisition of Lladró in 2017, a restructuring and renewal of the brand has been carried out to make it culturally relevant and adapt it to a more contemporary language. More about Lladró’s renovation journey in the following article: El País Semanal “Una agitadora en la casa de las porcelanas”
PHI Industrial injects capital and takes over Compañía del Trópico
in 2023Compañía del Trópico is strengthened with the capital injection and takeover by PHI Industrial. This strategic move has a dual purpose: to consolidate the viability plan in the short term and to relaunch the expansion and growth plan.
The new owner of Lladró breaks with the past to relaunch the firm
in 2023PHI Industrial, the investment fund that bought the historic Valencian decorative ceramics company in 2017, has renewed the company’s catalog with new creations in line with the new times. Sales are growing 10% annually due to their strength in Japan, Asian countries and Latin America. PHI Industrial, owner of the historic Valencian porcelain firm since […]
Investment agreement signed between PHI Industrial and HD Correduría de Seguros
in 2022On January 27th, an investment agreement was signed between HD Correduría de Seguros and PHI Industrial, in which the fund became partner of HD in order to continue its expansion and consolidation in the Spanish market.
PHI completes the divestment of Hitecsa to Baxi
in 2022Hitecsa was acquired by PHI in 2012 and exits the portfolio after 9 years. The company has undergone a successful restructuring and growth process during this period of time. Baxi will integrate the company’s 165 employees and expand the company in the R&D area to further grow the company.
PHI closes the first 3 acquisitions of its third fund in 2021 and completes the divestment of Hitecsa
in 2022PHI has acquired two ceramic insulator manufacturers for the energy infrastructure industry: Lapp Insulators, GmbH and PPC Insulators. With the investment in HD Daza, PHI enters the insurance brokerage market. The year ends with the divestment of Hitecsa after 9 years in the portfolio.