Portobello Capital-backed USA Group to acquire M. Serrano from Grupo Shu Cicero.

Portobello Capital-backed USA Group, a manufacturer of small precision metal parts, agreed to acquire M. Serrano, a manufacturer of precision metal parts, from Grupo Shu Cicero. Financial terms were not disclosed. M. Serrano is a family company founded in 1989. It is dedicated to the machining of precision metal parts. Traditionally it has focused on the automotive industry, although it has expanded its products towards the electric bicycle. Therefore, it will provide the group with a new market focused on green mobility solutions and technological fit.