Atitlan Grupo and Stoneshield Capital to acquire controlling satke in Gaviota from Panama.

Atitlan Grupo, a Valencia-based investment group, and Stoneshield Capital, a Madrid-headquartered private equity firm, agreed to acquire a controlling stake in Gaviota Simbac, a Sax-based manufacturer of awnings, shutters, and exterior home solutions, from Franama, a holding company. Financial terms were not disclosed.