Magnum, a private equity firm investing in Spain and Portugal, agreed to acquire Procubitos, the European leader in the production and distribution of ice with factories in Spain, Germany and Italy, from GED Capital, a private equity group operating in the mid-market segment in Spain. Financial terms were not disclosed. Following the transaction announced today with Magnum, GED fully divests its position in Procubitos Europe. Meanwhile, the Hervaz Group remains in the capital with a minority stake, partnering with Magnum in the next phase of the company’s growth, aiming for a strong and clear European leadership.