Fund, Investor & Acquisition Network
- 98 acquisitions
- 138 investors
- 78 search funds
- 1 PE funds
Inner ring: investors. Middle ring: funds and search funds, sized by how many investors back them. Outer ring: the acquisitions they made — click any node to highlight its network.
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- Strategic acquirer
- Acquired company
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Who is buying companies in Spain?
WhoBoughtWho tracks 98 acquisitions of companies in Spain (2014–2026), made by 79 buyers — private equity funds, search funds and strategic acquirers — backed by 138 investors. The most active sectors are Software, Healthcare, Food manufacturing, Corrugated cardboard packaging, Plastics manufacturing, Packaging.
Most active acquirers in Spain
- Antesala Capital (search fund) — 3 acquisitions: Industrias del Bierzo (IBSA) (2023); Cropsalsa (2022); Cropsalsa (now Grupo Cropfoods) (2022).
- Anval Capital (search fund) — 2 acquisitions: La Sala (2025); Semilleros La Sala (Viveros La Sala) (2025).
- Aqua Capital Partners (search fund) — 2 acquisitions: ProviSport (2023); Provis (ProviSport) (2023).
- Axias Partners (search fund) — 2 acquisitions: Amix (Amix Levante) (2023); Amix Levante (2023).
- Cneo Partners (search fund) — 2 acquisitions: Ingeniería y Prevención de Riesgos (2026); IMASP.
- Legatum Partners (Grupo Astera) (private equity fund) — 2 acquisitions: ITF Grup (2026); EBM Mercurio (2026).
- Libertum Capital (search fund) — 2 acquisitions: Grupo Security (Master Security 3000, Gestion y Control de Lorca, Gestion de Seguridad y Control, Ponce y Moya Servicios) (2026); Grupo Security (2026, Enterprise value estimated at approximately €10M).
- Nobis Capital (search fund) — 2 acquisitions: Leaseir Medical Light (2023); Leaseir (2023).
- Sachem Partners (search fund) — 2 acquisitions: Lanaccess Telecom (2018); Lanaccess (2018).
- Sotavento Capital (search fund) — 2 acquisitions: Cinergia (2021); Cinergia Power Solutions (2021).
Browse the full list (217 funds/investors, 98 acquisitions in Spain)
The graph above is the fast way to explore this — this plain list covers the same ground for anyone who'd rather scan or search text. Each name links to its own page centered on that entity.
- 9T Capital — Investor
- A&M Partners — Search fund · Backed by Alza Capital Partners
Search fund vehicle. Led by Ignacio Fuente; Andrés Sendagorta. Acquired Frenkit in 2019. Source: http://www.posventa.com/es/notices/2019/03/el-search-fund-a-m-partners-se-hace-con-frenkit-57897.php
- Acquired Frenkit in 2019 (Automotive components), Spain. Brake and clutch repair kits manufacturer, Puente la Reina (Navarra); >90% exports Backed by ALZA Capital Partners. Source: http://www.posventa.com/es/notices/2019/03/el-search-fund-a-m-partners-se-hace-con-frenkit-57897.php
- Acacia Capital — Search fund · Backed by Alza Capital Partners, Beka Finance, Inversiones Cabiedes, Enrique Locutura, Istria Capital, JB46, Jan Woitschatzke, Jurgen Rilling, Leon Bartolome, Luis Camilleri
Search fund vehicle. Led by Gonzalo Mallo. Acquired Let's Health in 2025. Source: https://searchfundsnews.com/acacia-capital-completed-the-acquisition-of-lets-health/
- Acquired Let's Health in 2025 (Healthcare marketing), Spain. Healthcare marketing and communication agency for pharma (founded 2007) Backed by Alza Capital, Beka Finance, Cabiedes Inversiones, Enrique Locutura, Istria Capital, JB46, Jan Woitschatzke, Jürgen Rilling, León Bartolomé, Luis Camilleri. Source: https://searchfundsnews.com/acacia-capital-completed-the-acquisition-of-lets-health/
- Acotral — Investor
Search fund investor. Backs Elcano Partners.
- Ada Capital — Search fund · Backed by Cerralvo Capital, George Jankovic, Kinderhook Partners, Mugello Inversiones, TTCER Partners, Tres Coronas
Self-funded searcher vehicle. Led by Inés Anoz; Sofía Sabas. Acquired Milton Education in 2024. Source: https://searchfundsnews.com/spanish-sf-ada-capital-acquired-milton-education/
- Acquired Milton Education in 2024 (Edtech), Spain. Educational publisher / edtech for English learning, 500+ schools; EUR3.5M revenue, EUR1.5M EBITDA (2023) Backed by Cerralvo Capital, George Jankovic, Kinderhook Partners, Mugello Inversiones, TTCER Partners, Tres Coronas. Source: https://searchfundsnews.com/spanish-sf-ada-capital-acquired-milton-education/
- Afinum — Investor
Search fund investor. Backs Taurus Capital.
- Agirax — Investor
- AI Global (José Moreno) — Investor
Search fund investor. Backs Sotavento Capital.
- AIJ Global — Investor, Hong Kong
Category A search fund investor · Hong Kong · founded 2017 · 90 search fund investments, 31 international; one of the most active non-US search fund investors.
- Albatros Equity — Search fund
Search fund vehicle. Acquired Grupo OHI (Odontología Hospitalaria Integral) in 2022. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Grupo OHI (Odontología Hospitalaria Integral) in 2022 (Healthcare), Spain. Hospital dentistry group Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Albion Capital — Search fund · Backed by Atiud Capital Center, Juan Luis Manaute, Novadvice (NovEtA), Novastone Capital Advisors, Novastone Capital Advisors (NCA)
Search fund vehicle. Acquired Seyses in 2023. Source: https://www.creainversion.com/en/seyses-2023-04-01/
- Acquired Seyses in 2023 (Engineering services), Spain. Spanish engineering multinational focused on O&M of PV and wind assets Backed by Atiud Capital Center, Juan Luis Manaute, Novadvice (NovEtA), Novastone Capital Advisors, Novastone Capital Advisors (NCA). Source: https://www.creainversion.com/en/seyses-2023-04-01/
- Albor Capital — Search fund · Backed by Atiud Capital Center, Beka Alpha Search Funds, Beka Finance, Inversiones Cabiedes, David Urteaga (Urtelar Holding Empresarial)
Search fund vehicle. Led by Ramón Martín Núñez. Acquired Manufacturas Deportivas in 2025. Source: https://searchfundsnews.com/albor-capital-closes-the-buyout-of-spanish-company-manufacturas-deportivas/
- Acquired Manufacturas Deportivas in 2025 for ~EUR8M (Playground equipment), Spain. Cantabria playground, urban-furniture and sports-equipment maker; EUR6.8M revenue, EUR2.3M EBITDA (2023) Backed by Atiud Capital Center, Beka Alpha Search Funds, Beka Finance, Cabiedes Inversiones, David Urteaga (Urtelar Holding Empresarial). Source: https://searchfundsnews.com/albor-capital-closes-the-buyout-of-spanish-company-manufacturas-deportivas/
- Alejandro Rodríguez Carmona — Investor
Search fund investor. Backs Dangalena Capital.
- Alex Tuya — Investor
Search fund investor. Backs Pontem Capital.
- Alfonso Blohm — Investor
Search fund investor. Backs Cneo Partners.
- Almond Capital — Search fund · Backed by Nzyme, Atiud Capital Center, Nzyme (Kibo Ventures)
Search fund vehicle. Led by Javier Poveda. Acquired Dental Ibérica in 2023. Source: https://searchfundsnews.com/sf-almond-capital-relies-on-nzyme-to-acquire-dental-iberica/
- Acquired Dental Ibérica in 2023 (Dental distribution), Spain. Dental materials distributor, 35,000 SKUs, ~9,000 clients; EUR20M sales, ~EUR2M EBITDA Backed by Nzyme. Source: https://searchfundsnews.com/sf-almond-capital-relies-on-nzyme-to-acquire-dental-iberica/
- ALX Hormes Capital — Investor
- Alza Capital Partners — Investor
- Ambit Partners — Investor, Cape Town, South Africa
Category A search fund investor · Cape Town, South Africa · active in 31 countries, 74 search funds backed; check size $400K-$2M, emerging-market focus.
- Ángel Muñoz — Investor
Search fund investor. Backs Dangalena Capital.
- Antesala Capital — Search fund · Backed by Beka Alpha Search Funds, ONEtoONE Asset Management, Inversiones Cabiedes, JB46, ONEtoONE Asset Management (ONEtoONE Great Searchers), ITACA Capital Partners, Alza Capital Partners
Search fund vehicle. Acquired Cropsalsa in 2022. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Industrias del Bierzo (IBSA) in 2023 (Food manufacturing), Spain. Caramelised products and preserves for HORECA (add-on to Cropsalsa) Backed by Beka Alpha Search Funds, ONEtoONE Asset Management. Source: https://searchfundsnews.com/beka-alpha-search-funds-has-invested-in-6-spanish-smes-in-less-than-2-years/
- Acquired Cropsalsa in 2022 (Food manufacturing), Spain. Arganda del Rey (Madrid) maker of custom sauces for food industry and HORECA Backed by Beka Alpha Search Funds, ONEtoONE Asset Management, Cabiedes Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Cropsalsa (now Grupo Cropfoods) in 2022 (Food manufacturing), Spain. Madrid maker of custom sauces for Horeca chains and food industry (~EUR 12M sales at acquisition); later merged with IBSA into Cropfoods Backed by JB46, ONEtoONE Asset Management (ONEtoONE Great Searchers), Itaca Capital Partners, ALZA Capital Partners, Beka Alpha Search Funds. Registry shows Antesala Cap SL as sole shareholder of Cropsalsa SA from 20 Apr 2022 with Bolivar and Casanovas as joint directors. ONEtoONE names Cropfoods CEOs Borja Bolivar / Josep Martinez (Casanovas). Source: https://www.empresia.es/empresa/cropsalsa/
- Antonio Beltrán — Investor
Search fund investor. Backs Asta Capital.
- Antonio Carranceja — Investor
Search fund investor. Backs Sachem Partners.
- Anval Capital — Search fund · Backed by Moonbase Capital, ONEtoONE Asset Management, Turtle Capital, Secways, ITACA Capital Partners, ONEtoONE Asset Management (ONEtoONE Great Searchers), Relay Investments
Search fund vehicle. Led by Miguel Ángel Antón; Luis Pérez del Val. Acquired La Sala in 2025. Source: https://searchfundsnews.com/miguel-angel-anton-co-founder-of-anval-and-co-ceo-of-la-sala/
- Acquired La Sala in 2025 (Agriculture), Spain. Grafted horticultural plants producer (agro) Backed by Moonbase Capital, ONEtoONE Asset Management, Turtle Capital, Secways, Itaca Capital Partners. Source: https://searchfundsnews.com/miguel-angel-anton-co-founder-of-anval-and-co-ceo-of-la-sala/
- Acquired Semilleros La Sala (Viveros La Sala) in 2025 (Agriculture / horticulture), Spain. Horticultural nursery producing grafted and vegetable seedlings for professional growers, 30+ years in business Backed by Itaca Capital Partners, Moonbase Capital, ONEtoONE Asset Management (ONEtoONE Great Searchers), Relay Investments. Itaca lists the seedling nursery 'Led by Anval Capital' linking to viveroslasala.com; Moonbase lists 'La Sala' among acquisitions and Anval's founders under ACQUIRED; ONEtoONE names Semilleros La Sala with CEOs Perez del Val & Anton. Relay backed the search phase. Source: https://itaca.capital/companies/
- Aqua Capital Partners — Search fund · Backed by Promax Capital Investments, JB46, Mayrit Capital Partners
Search fund vehicle. Acquired ProviSport in 2023. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired ProviSport in 2023 (Software), Spain. Software Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Provis (ProviSport) in 2023 (Software), Spain. Gym and sports-facility access-control and management software, 1,400+ centres Backed by Promax Capital Investments, JB46, MAYRIT Capital Partners. Source: https://www.promaxcapitalinvestments.com/search-funds-variable
- Arada Capital Partners — Investor
- Arcadio Investments — Search fund · Backed by Arada Capital Partners, Relay Investments
Search fund vehicle. Led by Jacobo Vera. Acquired Libnova in 2023. Source: https://capital-riesgo.es/en/articles/arcadio-capital-respaldada-entre-otros-por-arada-capital-compra-la-tecnol-gica-espa-ola-libnova/
- Acquired Libnova in 2023 (Software), Spain. Global leader in digital-preservation software, present in 20 countries Backed by Arada Capital Partners, Relay Investments. Source: https://capital-riesgo.es/en/articles/arcadio-capital-respaldada-entre-otros-por-arada-capital-compra-la-tecnol-gica-espa-ola-libnova/
- Aretê Management & Capital Partners — Search fund · Backed by Inversiones Cabiedes, SFClub, Vonzeo Capital
Search fund vehicle. Led by Mar Raposo. Acquired Auto-Matic in 2023. Source: https://searchfundsnews.com/arete-management-capital-partners-acquired-the-spanish-firm-auto-matic/
- Acquired Auto-Matic in 2023 (Automotive services), Spain. Madrid automatic-transmission maintenance and repair specialist; ~EUR5M revenue, ~20% EBITDA Backed by Cabiedes, SFClub, Vonzeo Capital. Source: https://searchfundsnews.com/arete-management-capital-partners-acquired-the-spanish-firm-auto-matic/
- Ariol Capital — Search fund · Backed by Inversiones Cabiedes, Relay Investments, TTCER Partners
Search fund vehicle. Led by Marc Bartomeus. Acquired Repli in 2014. Source: https://rollupeurope.com/p/buscar-como-boss-ariol-the-deal-that-ignited-spain-s-search-fund-hype
- Acquired Pentapackaging in 2018 (Plastic packaging), Italy. Italian plastic packaging firm, Bergamo (add-on to Repli) Source: https://capital-riesgo.es/en/articles/el-fondo-ariol-capital-vende-repli-a-la-multinacional-berlin-packaging/
- Acquired Repli in 2014 (Plastic packaging), Spain. Manufacturer/distributor of plastic containers for pharma, food and cosmetics, La Roca del Vallès (Barcelona) Backed by Cabiedes Capital, Relay Investments, TTCER Partners. Source: https://rollupeurope.com/p/buscar-como-boss-ariol-the-deal-that-ignited-spain-s-search-fund-hype
- Arista Partners — Search fund
Search fund vehicle. Led by Gerardo Montalti; Jacobo Espinós. Acquired IML (Instituto Médico Láser) in 2021. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired IML (Instituto Médico Láser) in 2021 (Healthcare), Spain. Madrid aesthetic-medicine and laser clinic (founded 1996) Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Asta Capital — Search fund · Backed by Antonio Beltrán, Atiud Capital Center, Inversiones Cabiedes, Fernando Herrero, Istria Capital, JB46, Luis Camilleri
Search fund vehicle. Led by Miguel Arias; Lorenzo Dávila. Acquired Grupo Logiscenter in 2019. Source: https://searchfundsnews.com/the-entry-of-levata-into-grupo-logiscenter-marks-one-of-the-most-successful-exits-in-spain/
- Acquired Grupo Logiscenter in 2019 (B2B e-commerce / AIDC), Spain. Madrid B2B e-commerce distributor of AIDC/barcode/RFID equipment; EUR11.5M revenue, EUR1.8M EBITDA (2018) Backed by Antonio Beltrán, Atiud Capital Center, Cabiedes Inversiones, Fernando Herrero, Istria Capital, JB46, Luis Camilleri. Source: https://searchfundsnews.com/the-entry-of-levata-into-grupo-logiscenter-marks-one-of-the-most-successful-exits-in-spain/
- Atiud — Investor
- Atiud Capital Center — Investor
Search fund investor. Backs Asta Capital.
- Aurica Capital — Investor
Search fund investor. Backs Ayete Partners.
- Aurica Search Fund — Investor
- Aurica Search Fund (Aurica Capital) — Investor
Search fund investor. Backs Relevian.
- Axias Partners — Search fund · Backed by Beka Alpha Search Funds, Istria Capital, Promax Capital Investments, JB46, Alza Capital Partners, Atiud Capital Center, Moonbase Capital
Search fund vehicle. Led by Marc Desmond; Carlos Oehling. Acquired Amix (Amix Levante) in 2023. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Amix (Amix Levante) in 2023 (Healthcare / nutrition), Spain. Sports-nutrition products company Backed by Beka Alpha Search Funds, Istria Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Amix Levante in 2023 (Sports nutrition distribution), Spain. Distributor of the Amix sports-nutrition brand (supplements for athletes and sports clubs), Valencia region Backed by Promax Capital Investments, JB46, Istria Capital, ALZA Capital Partners, Atiud Capital Center, Beka Alpha Search Funds, Moonbase Capital. Registry (empresia.es/empresa/amix-levante/) shows Axias Search Partners SL as sole shareholder from 14 Sep 2023. Source: https://www.promaxcapitalinvestments.com/search-funds-variable
- Ayete Partners — Search fund · Backed by Alza Capital Partners, Aurica Capital, Dellin Investments, Ethos Partners, Evolutiq, Istria Capital, JB46, Vonzeo Capital, Marc Bartomeus
Search fund vehicle. Led by Álvaro Benito; Jaime Villanueva. Acquired Ciboulette & Domenico in 2026. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Ciboulette & Domenico in 2026 (Catering), Spain. Premium wedding/social (Ciboulette) and corporate (Domenico) catering group Backed by Alza Capital Partners, Aurica Capital, Dellin Investments, Ethos Partners, Evolutiq, Istria Capital, JB46, Vonzeo, Marc Bartomeus. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Ayete Partners (Ayete Catering Group) — Search fund · Backed by Arada Capital Partners, Istria Capital, Promax Capital Investments
Search fund vehicle. Led by Jaime Villanueva; Alvaro Benito. Acquired Ciboulette and Domenico in 2026. Source: https://aradacp.com/
- Acquired Ciboulette and Domenico in 2026 (Catering / food services), Spain. Madrid premium catering group: Ciboulette (weddings/social events) and Domenico (corporate catering) Backed by Arada Capital Partners, Istria Capital, Promax Capital Investments. Arada lists 'Ayete Catering Group ... Acquired in 2026'; Istria lists Villanueva & Benito as CEOs of Ciboulette & Domenico; Promax lists Ayete Partners (2024) with the same searchers. Source: https://aradacp.com/
- Baluarte Capital — Search fund · Backed by Alza Capital Partners, Istria Capital, JB46, Kinderhook Partners, Promax Capital Investments, Relay Investments, Saltoun Capital Partners, WSC & Company
Search fund vehicle. Led by Lorenzo Zavala; Luis de los Santos. Acquired CTAIMA in 2020. Source: https://searchfundsnews.com/investors-in-baluarte-capital-achieved-one-of-their-most-successful-returns-by-exiting-ctaima/
- Acquired CTAIMA in 2020 (Compliance SaaS), Spain. Tarragona cloud software for contractor compliance / supply-chain risk management; ~EUR8M revenue at acquisition Backed by ALZA Capital Partners, Alza Capital Partners, Istria Capital, JB46, Kinderhook Partners, Promax Capital Investments, Relay Investments, Saltoun Capital Partners, WSC & Company. Source: https://searchfundsnews.com/investors-in-baluarte-capital-achieved-one-of-their-most-successful-returns-by-exiting-ctaima/
- Barrilero Legal Angels — Investor
- Bart Van Hoek — Investor
Search fund investor. Backs Dangalena Capital.
- Beka Alpha Partners — Investor
Search fund investor. Backs Cneo Partners.
- Beka Alpha Search Funds — Investor
- Beka Finance — Investor
- Beka Finance (Beka Alpha Search Funds) — Investor
Search fund investor. Backs Lemnos Capital.
- Bietou Capital — Investor
Search fund investor. Backs Sachem Partners.
- Bill Egan — Investor
Search fund investor. Backs Transición.
- Blake Winchell — Investor
Search fund investor. Backs Sachem Partners.
- Bogo Inversión — Search fund · Backed by Juan Cuesta
Search fund vehicle. Acquired NortConsulting (Norconsulting) in 2021. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired NortConsulting (Norconsulting) in 2021 (Technology), Spain. Technology consulting Backed by Juan Cuesta. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Bruno Lea — Investor
Search fund investor. Backs Cneo Partners.
- Cabiedes Inversiones — Investor
- Cabiesa Capital — Investor
Search fund investor. Backs Versa Capital.
- Celium Capital — Investor
- Cerralvo Capital — Investor, Florida, USA
Search fund investor · Florida, USA · founded 2019 · 33 deals backed (30% Mexico, 70% elsewhere); first international exit in Spain (2024).
- Cloudbreak — Investor
Search fund investor. Backs Dangalena Capital.
- Cneo Partners — Search fund · Backed by Relay Investments, Istria Capital, Vonzeo Capital, Ethos Partners, Evolutiq, Beka Alpha Partners, Alfonso Blohm, Felipe Corcuera, Joachim de Belgique, Tobias Raeber, Bruno Lea, Innesto Partners
Search fund vehicle. Led by José María Jover Santillana; Ignacio Jarava. Acquired Ingeniería y Prevención de Riesgos in 2026. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Ingeniería y Prevención de Riesgos in 2026 (Safety consulting), Spain. Construction-sector safety coordination and risk-prevention specialist (since 1996) Backed by Relay Investments, Istria Capital, Vonzeo Capital, Ethos Partners, Evolutiq, Beka Alpha Partners, Alfonso Blohm, Felipe Corcuera, Joachim de Belgique, Tobias Raeber, Bruno Lea. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired IMASP (Occupational health & safety services), Spain. Spanish provider of regulatory/mandatory occupational health-and-safety services (imasp.es) Backed by Istria Capital, Relay Investments, Innesto Partners. JOIN ROW: Istria lists Jose Maria Jover & Ignacio Jarava as CEOs of IMASP; Relay and Innesto list CNEO Partners (Spain, founded Feb 2024) with the same two searchers. Acquisition year not stated on fetched pages (fund launched Feb 2024, so 2025-2026). Source: https://istriacapital.com/entrepreneurs/
- Colca Capital — Investor
- Criluz Capital — Search fund · Backed by Beka Alpha Search Funds, Celium Capital, Gallium Growth, Legacy Partners, Mayrit Capital Partners, Moonbase Capital, Novadvice, Pinvest Ventures, Secways, Vonzeo Capital
Search fund vehicle. Acquired 4Dreams (Precious metals retail (cash for gold)) in Spain, announced 2026-04-30.
- Acquired 4Dreams in 2026 (Precious metals retail (cash for gold)), Spain. Acquired by Criluz Capital (Pablo Paez and Gonzalo Fernandez). Backed by Beka Alpha Search Funds, Celium Capital, Gallium Growth, Legacy Partners, Mayrit Capital Partners, Moonbase Capital, Novadvice, Pinvest Ventures, Secways, Vonzeo Capital. Source: https://searchfundsnews.com/criluz-capital-enters-the-precious-metals-industry-through-spanish-acquisition/
- D'Ella Capital — Search fund
Search fund vehicle. Led by Meriyeny del Carmen Batista. Acquired Grabalfa in 2021. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Grabalfa in 2021 (Printing services), Spain. Pre-press services for packaging / graphic supply chain Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Dangalena Capital — Search fund · Backed by Agirax, Cloudbreak, Mugello Inversiones, Novidam, Tres Coronas, Enrique Locutura, Ignasi Botet, Francisco Javier Peña, José Luis de Mora, Leon Bartolome, Gernot Eisinger, Ángel Muñoz, Alejandro Rodríguez Carmona, Bart Van Hoek
Search fund vehicle. Led by Jaime Rioja. Acquired Pago de Tharsys in 2024. Source: https://searchfundsnews.com/dangalena-capital-acquires-the-cornerstone-of-its-build-up-strategy-for-premium-wine-producers-in-spain/
- Acquired Pago de Tharsys in 2024 for ~EUR8M (EV) (Wine), Spain. Requena (Valencia) sparkling-wine (DO Cava) producer; ~EUR5M sales, ~EUR1.3M EBITDA Backed by Agirax, Cloudbreak, Mugello Inversiones, Novidam, Tres Coronas, Enrique Locutura, Ignasi Botet, Francisco Javier Peña, José Luis de Mora, León Bartolomé, Gernot Eisinger, Ángel Muñoz, Alejandro Rodríguez Carmona, Bart Van Hoek. Source: https://searchfundsnews.com/dangalena-capital-acquires-the-cornerstone-of-its-build-up-strategy-for-premium-wine-producers-in-spain/
- Daniel Escanciano — Investor
Search fund investor. Backs Eon Partners.
- David Urteaga (Urtelar Holding Empresarial) — Investor
Search fund investor. Backs Albor Capital.
- Dellin Investments — Investor
- Divisadero Capital — Search fund
Search fund vehicle. Acquired Visual Counter (People-counting sensors and analytics) in Spain, announced 2025-12-16.
- Acquired Visual Counter in 2025 (People-counting sensors and analytics), Spain. Acquired by Divisadero Capital (Fernando Garcia Benavides). Source: https://searchfundsnews.com/divisadero-capital-acquires-spanish-engineering-company-visual-counter/
- Edge Partners — Investor
- Elcano Partners — Search fund · Backed by Acotral
Search fund vehicle. Acquired Lodisna in 2016. Source: https://www.transportexxi.com/el-fondo-elcano-partners-compra-la-empresa-navarra-de-transporte-internacional-lodisna/
- Acquired Lodisna in 2016 (Transport & logistics), Spain. International full-truckload road transport operator, Navarra; EUR20.4M sales in 2014 Backed by Acotral. Source: https://www.transportexxi.com/el-fondo-elcano-partners-compra-la-empresa-navarra-de-transporte-internacional-lodisna/
- Emptio Capital — Search fund · Backed by Beka Alpha Search Funds, Tres Coronas, ITACA Capital Partners, Atiud Capital Center
Search fund vehicle. Led by Manuel Pintado. Acquired Recambio Fácil in 2022. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Recambio Fácil in 2022 (Automotive marketplace), Spain. Spain's leading online automotive spare-parts marketplace/SaaS (~500k transactions, ~EUR40M GMV in 2022) Backed by Beka Alpha Search Funds, Tres Coronas Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Enlace Capital — Search fund · Backed by Grupo Santa Marta
Search fund vehicle. Led by Esteban de Claramonte. Acquired Itegra Gestiona in 2025. Source: https://www.grupoaseguranza.com/noticias-de-seguros/enlace-capital-adquiere-gestora-seguros-deportivos-itegra
- Acquired Itegra Gestiona in 2025 (Insurance services), Spain. Valencia sports-insurance TPA / digital claims platform serving ~400,000 federation members Backed by Grupo Santa Marta. Source: https://www.grupoaseguranza.com/noticias-de-seguros/enlace-capital-adquiere-gestora-seguros-deportivos-itegra
- Enrique Locutura — Investor
- Eon Partners — Search fund · Backed by José Cabiedes, Daniel Escanciano, Fernando Herrero, Enrique Locutura
Search fund vehicle. Led by Carlos Lucía; Eduardo Garassini. Acquired Gesinflot (TDI Técnicas de Ingeniería) in 2021. Source: https://www.merca2.es/2021/10/07/eon-partners-tdi-liderar-mercado-europeo-gestion-flotas-transporte-762318/
- Acquired Gesinflot (TDI Técnicas de Ingeniería) in 2021 (Transport software), Spain. Fleet-management SaaS for long-distance freight transport; >25,000 connected devices Backed by José Cabiedes, Daniel Escanciano, Fernando Herrero, Enrique Locutura. Source: https://www.merca2.es/2021/10/07/eon-partners-tdi-liderar-mercado-europeo-gestion-flotas-transporte-762318/
- Ethos Partners — Investor
- Ethos Partners (now Orca Equity Partners) — Investor
- Ethos Search Capital — Investor
Search fund investor. Backs Versa Capital.
- Eugenio Rodriguez — Investor
- Evolutiq — Investor
- Felipe Corcuera — Investor
Search fund investor. Backs Cneo Partners.
- Félix Capell — Investor
Search fund investor. Backs Syna Capital.
- Fernando Herrero — Investor
Search fund investor. Backs Asta Capital.
- Francisco Javier Peña — Investor
Search fund investor. Backs Dangalena Capital.
- Gallium Growth — Investor
- George Jankovic — Investor
Search fund investor. Backs Ada Capital.
- Gernot Eisinger — Investor
- Global Vernius — Search fund
Search fund vehicle. Acquired Fomento de Franquicias SL in 2024. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Fomento de Franquicias SL in 2024 (Laundry services), Spain. Madrid laundry services company for the hotel industry Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Going Investment — Investor
Search fund investor. Backs Quo Inversión.
- Grupo Bocanegra — Search fund
Search fund vehicle. Led by Enrique Moreno de la Cova. Acquired Trans Sev in 2024. Source: https://searchfundsnews.com/grupo-bocanegra-executes-acquisition-in-logistics-sector-in-record-time/
- Acquired Trans Sev in 2024 (Logistics), Spain. Andalusian freight-transport and logistics company, 100+ vehicles, >EUR8M revenue Source: https://searchfundsnews.com/grupo-bocanegra-executes-acquisition-in-logistics-sector-in-record-time/
- Grupo Santa Marta — Investor
- Heritage Holdings Search Partners — Investor
- Hyperion — Investor
- Iberian Ventures — Search fund · Backed by ITACA Capital Partners
Search fund vehicle. Led by Luis Reyes; Alejandro Zala; Alvaro Guitard. Acquired Grupo Fire in 2025. Source: https://itaca.capital/companies/
- Acquired Grupo Fire in 2025 (Fire protection services), Spain. Spanish fire-protection conglomerate (extinguishers, hose equipment, installation and regulatory maintenance), 35+ years Backed by Itaca Capital Partners. Itaca lists 'Consolidating the fire protection industry' Led by Iberian Ventures, linking to fire.es (Grupo Fire). Source: https://itaca.capital/companies/
- Iberica Investment Partners — Investor · Backed by Relay Investments, Thomas Buehler, Gernot Eisinger, Istria Capital, Atiud, Edge Partners, AIJ Global
- Acquired Carpro Systems in 2020 (Mobility software), Spain. Car-rental / mobility management SaaS (later merged into Emotion Mobility) Backed by Relay Investments, Thomas Buehler, Gernot Eisinger, Istria Capital, Atiud, Edge Partners, AIJ Global. Source: https://searchfundsnews.com/new-spanish-exit-emotion-mobility-secures-strategic-growth-investment-from-psg/
- Acquired Jimpisoft in 2020 (Mobility software), Portugal. Portuguese mobility/rental software (Rentway); merged with Carpro into Emotion Mobility, Lisbon Backed by Relay Investments, Thomas Buehler, Gernot Eisinger, Istria Capital, Atiud, Edge Partners, AIJ Global. Source: https://searchfundsnews.com/new-spanish-exit-emotion-mobility-secures-strategic-growth-investment-from-psg/
- Ignasi Botet — Investor
Search fund investor. Backs Dangalena Capital.
- Imagine+ Inversión — Search fund · Backed by SFClub, Ambit Partners
Search fund vehicle. Led by Nicolás Goñi. Acquired Azeler Automoción in 2024. Source: https://www.ambit.partners/our-companies/azeler
- Acquired Azeler Automoción in 2024 (Automotive software), Spain. Software/marketplace and ERP for scrapyards and recovered auto-parts distributors Backed by SFClub, Ambit Partners. Source: https://www.ambit.partners/our-companies/azeler
- Imagine+ Inversiones — Search fund · Backed by Ambit Partners, Arada Capital Partners, Promax Capital Investments
Search fund vehicle. Led by Nicolas Goni. Acquired Azeler in 2024. Source: https://www.ambit.partners/
- Acquired Azeler in 2024 (Automotive software / marketplace), Spain. Subscription ERP and marketplace for the reused auto-parts industry (280+ authorised dismantlers, 4,000 suppliers) Backed by Ambit Partners, Arada Capital Partners, Promax Capital Investments. Ambit's site data (JS bundle) states 'Nicolas Goni launched his search fund in 2021, Imagine+ ... He acquired Azeler in 2024'. Source: https://www.ambit.partners/
- Iniginy Capital — Investor
Search fund investor. Backs Pontem Capital.
- Innesto Partners — Investor
- Institut Catala de Finances (ICF) — Investor
- Inversiones Cabiedes — Investor, Spain
Search fund investor (Category C) · Spain · 55 investments, 10 exits (2 international); ~75% of portfolio in Europe, check size EUR400-500K, FinTech & Consumer focus.
- Acquired UnDosTres in 2017 (FinTech), Mexico. Cabiedes & Partners, Martin Schrimpff, Soldiers Field Angels and Saba Investments invested $1.4M.
- Inversiones Cabiedes (Jose and Luis Martin Gutierrez de Cabiedes) — Investor
Search fund investor. Backs Pontem Capital.
- Istria Capital — Investor, Madrid, Spain
Search fund investor (Category B) · Madrid, Spain · 43 total acquisitions (6 international); shifted focus from LATAM to Europe in 2023, Software/Services.
- ITACA Capital Partners — Investor
- J Capital Partners — Search fund
Search fund vehicle. Acquired Rafe Demoliciones in 2023. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Rafe Demoliciones in 2023 (Construction), Spain. Demolition / construction services Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Jan Nikolaisen (NCA entrepreneur) — Search fund · Backed by Novastone Capital Advisors (NCA)
Search fund vehicle. Led by Jan Nikolaisen. Acquired Farmacia de Dalt in 2021. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Farmacia de Dalt in 2021 (Healthcare), Spain. Pharmacy / healthcare Backed by Novastone Capital Advisors (NCA). Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Jan Woitschatzke — Investor
Search fund investor. Backs Acacia Capital.
- Javier Martín Chocarro — Investor
Search fund investor. Backs Pontem Capital.
- JB46 — Investor, Spain
Category A search fund investor · Spain · 100 backed search funds, 32 portfolio companies (5 international); active in Brazil and Mexico, Business Services/Healthcare/Distribution.
- Acquired APS in 2021 (Business Services), Brazil. PE-backed deal.
- Jesús Alonso — Investor
Search fund investor. Backs Syna Capital.
- Joachim de Belgique — Investor
Search fund investor. Backs Cneo Partners.
- Jose Antonio Larraz — Investor
- José Cabiedes — Investor
Search fund investor. Backs Eon Partners.
- José I. Bescós — Investor
Search fund investor. Backs Maruna Capital.
- José Luis de Mora — Investor
Search fund investor. Backs Dangalena Capital.
- José María Clotet — Investor
Search fund investor. Backs Namencis Capital.
- Juan Cuesta — Investor
Search fund investor. Backs Vigía Capital.
- Juan Luis Manaute — Investor
Search fund investor. Backs Albion Capital.
- Juergen Rilling — Investor
- Jurgen Rilling — Investor
- Karim Zahran — Investor
- Kavnish Capital Partners — Investor
Search fund investor. Backs Syna Capital.
- KG Capital — Search fund · Backed by Beka Finance, Whitehole, ITACA Capital Partners, Beka Alpha Search Funds, Moonbase Capital
Search fund vehicle. Led by Vagn Knudsen Salazar. Acquired Plásticos Hernanz in 2025. Source: https://searchfundsnews.com/kg-capital-acquires-spanish-sme-plasticos-hernanz/
- Acquired Plásticos Hernanz in 2025 for <EUR10M (Plastics manufacturing), Spain. Plastic injection moulding (reusable HoReCa cups); EUR8.3M revenue, EUR3.6M EBITDA (2023) Backed by Beka Finance, Whitehole. Source: https://searchfundsnews.com/kg-capital-acquires-spanish-sme-plasticos-hernanz/
- Kinderhook Partners — Investor
- Knudsen family — Investor
- Kramer Inversiones — Search fund · Backed by Beka Alpha Search Funds, Inversiones Cabiedes, Tres Coronas, Mugello Inversiones, Leon Bartolome
Search fund vehicle. Led by Ignacio Salido de Miguel. Acquired Ibérica Semiconductores de Potencia (ISP) in 2024. Source: https://searchfundsnews.com/kramer-inversiones-acquires-iberica-semiconductores-de-potencia-a-leading-power-electronics-distributor-in-spain/
- Acquired Ibérica Semiconductores de Potencia (ISP) in 2024 (Electronics distribution), Spain. Power-electronics representative/distributor; EUR13M revenue, 12% EBITDA margin Backed by Beka Alpha Search Funds, Cabiedes Inversiones, Tres Coronas, Mugello Inversiones, León Bartolomé. Source: https://searchfundsnews.com/kramer-inversiones-acquires-iberica-semiconductores-de-potencia-a-leading-power-electronics-distributor-in-spain/
- Lauria Partners — Search fund · Backed by Hyperion
Search fund vehicle. Acquired Gutmar (Aerospace and defence precision engineering) in Spain, announced 2025-04-17.
- Acquired Gutmar in 2025 (Aerospace and defence precision engineering), Spain. Acquired by Lauria Partners (Miguel Camino and Alvaro Horstmann). Backed by Hyperion. Source: https://searchfundsnews.com/lauria-partners-the-aerospace-defense-focused-sf-acquires-gutmar/
- Legacy Partners — Investor
- Legatum — Investor
- Legatum Partners (Grupo Astera) — Private equity fund
Search-fund-backed holding company. Led by Bruno Lequeux; Tomás España. Acquired EBM Mercurio in 2026. Source: https://searchfundsnews.com/legatum-partners-launches-grupo-astera-platform-and-completes-first-two-acquisitions/
- Acquired ITF Grup in 2026 (Refrigeration services), Spain. Tarragona hotel refrigeration installation and maintenance; EUR2.3M sales, EUR0.5M EBITDA (2024) Source: https://searchfundsnews.com/legatum-partners-launches-grupo-astera-platform-and-completes-first-two-acquisitions/
- Acquired EBM Mercurio in 2026 (HVAC services), Spain. Madrid HVAC installation and maintenance company; EUR4.3M revenue, EUR0.5M EBITDA (2024) Source: https://searchfundsnews.com/legatum-partners-launches-grupo-astera-platform-and-completes-first-two-acquisitions/
- Lemnos Capital — Search fund · Backed by 9T Capital, Atiud, Atiud Capital Center, Beka Alpha Search Funds, Beka Finance (Beka Alpha Search Funds), ITACA Capital Partners, Moonbase Capital
Search fund vehicle. Led by Jorge Larrea Urquiola; Zorion Ugalde Zarraga. Acquired Cartonajes Limousin in 2024. Source: https://searchfundsnews.com/lemnos-capital-acquired-100-of-cartonajes-limousin/
- Acquired Cartonajes Limousin in 2024 (Packaging), Spain. Tolosa (Gipuzkoa) corrugated-cardboard packaging maker, 100+ years old; EUR11M sales Backed by 9T Capital, Atiud Capital, Atiud Capital Center, Beka Alpha Search Funds, Beka Finance (Beka Alpha Search Funds), Itaca Capital Partners, Moonbase Capital. Source: https://searchfundsnews.com/lemnos-capital-acquired-100-of-cartonajes-limousin/
- LEN Investments — Investor
Search fund investor. Backs Sisal Capital.
- Leon Bartolome — Investor
- Libertum Capital — Search fund · Backed by Alza Capital Partners, Atiud, Beka Finance, Cerralvo Capital, Enrique Locutura, Istria Capital, Jose Antonio Larraz, Lukas Matzinger, ONEtoONE Asset Management, Tres Coronas, Vonzeo Capital, William Thorndike, Will Thorndike
Search fund vehicle. Acquired Grupo Security (Master Security 3000, Gestion y Control de Lorca, Gestion de Seguridad y Control, Ponce y Moya Servicios) (Security and video surveillance services) in Spain, announced 2026-03-20.
- Acquired Grupo Security (Master Security 3000, Gestion y Control de Lorca, Gestion de Seguridad y Control, Ponce y Moya Servicios) in 2026 (Security and video surveillance services), Spain. Acquired by Libertum Capital (Juan Bolivar and Jorge Gimenez-Arribas). Backed by Alza Capital Partners, Atiud, Beka Finance, Cerralvo Capital, Enrique Locutura, Istria Capital, Jose Antonio Larraz, Lukas Matzinger, ONEtoONE Asset Management, Tres Coronas, Vonzeo Capital, William Thorndike. Source: https://searchfundsnews.com/libertum-capital-acquires-spanish-grupo-security/
- Acquired Grupo Security in 2026 for Enterprise value estimated at approximately €10M (Security and video surveillance systems), Spain. Acquired by Libertum Capital (Juan Bolívar and Jorge Giménez-Arribas). Backed by Cerralvo Capital, Alza Capital Partners, Vonzeo Capital, BekaFinance, Istria Capital, ONEtoONE Asset Management, Atiud, Tres Coronas, Enrique Locutura, Jose Antonio Larraz, Will Thorndike, Lukas Matzinger. Source: https://searchfundsnews.com/libertum-capital-acquires-spanish-grupo-security/
- Liberty Search — Search fund, Philadelphia, PA · Backed by Pacific Lake Partners
Specialized CRO biostatistics and clinical data analysis for pharmaceutical companies.
- Luceiro Capital — Search fund · Backed by Alza Capital Partners, Atiud Capital Center, Tres Coronas
Search fund vehicle. Acquired Safetop Innovative Protection in 2023. Source: https://luceirocapital.com/en/noticias/legaldealmaker240323.html
- Acquired Safetop Innovative Protection in 2023 (Industrial safety), Spain. Industrial fall-protection / PPE manufacturer Backed by ALZA Capital Partners, Atiud Capital Center, Tres Coronas Capital. Source: https://luceirocapital.com/en/noticias/legaldealmaker240323.html
- Luis Camilleri — Investor
- Lukas Matzinger — Investor
- Marc Bartomeus — Investor
- Marc Bartomeus (Albira Investments) — Investor
Search fund investor. Backs Sotavento Capital.
- Marion Equity Partners (Mark and Bill Egan) — Investor
Search fund investor. Backs Sotavento Capital.
- Martell Capital Partners — Investor
- Maruna Capital — Search fund · Backed by Alejandro Rodríguez Carmona, Inversiones Cabiedes, José I. Bescós, Mugello Inversiones, SFClub, TMB3 Fund
Search fund vehicle. Led by Javier Marroquín Ruiz-Navarro. Acquired Escuela Europea de Coaching (EEC) in 2026. Source: https://searchfundsnews.com/maruna-capital-invests-in-escuela-europea-de-coaching-in-spain/
- Acquired Escuela Europea de Coaching (EEC) in 2026 for ~EUR6M (Training / coaching), Spain. International executive-coaching training/consultancy; ~EUR5M revenue (2025) Backed by Alejandro Rodríguez-Carmona, Cabiedes Capital, José I. Bescós, Mugello Inversiones, SFClub, TMB3. Source: https://searchfundsnews.com/maruna-capital-invests-in-escuela-europea-de-coaching-in-spain/
- Mayrit Capital Partners — Investor
- Moonbase Capital — Investor, Spain
Search fund investor (Category B) · Spain · founded 2020 · EUR24M fund, EUR15M raised for international expansion; Manufacturing, Web Services, Medical Services.
- Acquired ASP Group in 2023 (Manufacturing), France. B2B services to industrial CNC tool makers.
- Mugello Inversiones — Investor
Search fund investor. Backs Kramer Inversiones.
- N Capital — Search fund
Search fund vehicle. Led by Nuño Arroyo. Acquired Cermer in 2016. Source: https://searchfundsnews.com/cermer-which-was-the-third-company-acquired-by-a-sf-in-spain-now-has-a-new-owner/
- Acquired Cermer in 2016 (Ceramic packaging), Spain. World-leading manufacturer of ceramic food packaging (yogurt, desserts, ready meals); EUR9M revenue, EUR2M EBITDA at acquisition Source: https://searchfundsnews.com/cermer-which-was-the-third-company-acquired-by-a-sf-in-spain-now-has-a-new-owner/
- Namencis Capital — Search fund · Backed by Cerralvo Capital, Enrique Locutura, José María Clotet
Search fund vehicle. Led by Santiago Navarro-Rubio. Acquired ENEB (Namencis Education) in 2020. Source: https://searchfundsnews.com/namencis-education-marks-the-7th-spanish-exit-of-2025/
- Acquired ENEB (Namencis Education) in 2020 (Online education), Spain. Online business-school group (ENEB, ISEB, ESIE, IEAD); EUR4.5M revenue, EUR1.3M EBITDA in 2020 Backed by Cerralvo Capital, Enrique Locutura, José María Clotet. Source: https://searchfundsnews.com/namencis-education-marks-the-7th-spanish-exit-of-2025/
- Navega Capital — Search fund
Search fund vehicle. Led by Fernando Fidalgo. Acquired Kapalua Trading in 2021. Source: https://www.elespanol.com/invertia/mis-finanzas/fondos-de-inversion/20240521/alaluz-capital-mueve-fondo-search-funds-captar-millones-euros-comprar-pymes/856664791_0.html
- Acquired Kapalua Trading in 2021 (Consumer products), Spain. Consumer products company Source: https://www.elespanol.com/invertia/mis-finanzas/fondos-de-inversion/20240521/alaluz-capital-mueve-fondo-search-funds-captar-millones-euros-comprar-pymes/856664791_0.html
- Nobis Capital — Search fund · Backed by Moonbase Capital, Istria Capital, Relay Investments, JB46, Promax Capital Investments
Search fund vehicle. Led by Arturo Álvarez-Marcello Casado; Ignacio Ortiz Figueroa. Acquired Leaseir Medical Light in 2023. Source: https://moonbasecapital.com/from-search-to-acquisition-how-nobis-capital-secured-leaseir-and-began-a-new-chapter/
- Acquired Leaseir Medical Light in 2023 (Medical devices), Spain. Gijón designer/manufacturer of laser hair-removal medical devices Backed by Moonbase Capital, Istria Capital, Relay Investments. Source: https://moonbasecapital.com/from-search-to-acquisition-how-nobis-capital-secured-leaseir-and-began-a-new-chapter/
- Acquired Leaseir in 2023 (Medical devices), Spain. Gijon-based designer and manufacturer of high-power diode laser hair-removal devices for aesthetic and medical use; sold to Mesia 523 Asset Management SL in Dec 2025 per registry (empresia.es/empresa/leaseir-technologies/) Backed by Moonbase Capital, JB46, Relay Investments, Istria Capital, Promax Capital Investments. Source: https://moonbasecapital.com/from-search-to-acquisition-how-nobis-capital-secured-leaseir-and-began-a-new-chapter/
- Novadvice — Investor
- Novadvice (NovEtA) — Investor
Search fund investor. Backs Albion Capital.
- Novastone Capital Advisors — Investor, Switzerland
Category A search fund investor · Switzerland · 19 companies across 10 countries; 94% of backed searchers successfully transitioned, Healthcare/Light Manufacturing/Logistics focus.
- Novastone Capital Advisors (NCA) — Investor
Search fund investor. Backs Jan Nikolaisen (NCA entrepreneur).
- Novidam — Investor
- Nutria Capital — Search fund
Self-funded searcher vehicle. Led by Sergio García; Javier Romero-Requejo. Acquired Hincado Directo in 2025. Source: https://searchfundsnews.com/nutria-capital-acquires-spanish-hincado-directo/
- Acquired Hincado Directo in 2025 (Renewable-energy construction), Spain. Badajoz pile-driving contractor for photovoltaic plants; EUR1.5M revenue, EUR0.9M EBITDA (2024) Source: https://searchfundsnews.com/nutria-capital-acquires-spanish-hincado-directo/
- Nzyme — Investor
Search fund investor. Backs Almond Capital.
- Nzyme (Kibo Ventures) — Investor
Search fund investor. Backs Almond Capital.
- ONEtoONE Asset Management — Investor
- ONEtoONE Asset Management (ONEtoONE Great Searchers) — Investor
Search fund investor. Backs Anval Capital.
- Oportuna Capital — Search fund · Backed by SFClub
Search fund vehicle. Led by Albert Palomar. Acquired Prestige Software in 2024. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Prestige Software in 2024 (Hospitality software), Spain. Barcelona hotel-management / PMS software provider (founded 1997) Backed by SFClub. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Pacific Lake Partners — Investor
- Paz Ambrosy — Investor
Search fund investor. Backs Syna Capital.
- Phoenix Rise Capital; Orion Capital — Search fund · Backed by Atiud, Barrilero Legal Angels, Beka Finance, Cabiedes Inversiones, Enrique Locutura, Eugenio Rodriguez, Knudsen family, Leon Bartolome, ONEtoONE Asset Management, Secways
Search fund vehicle. Acquired GSE Composystem and Setroson (Aerospace and defence ground support equipment) in Spain, announced 2025-06-17.
- Acquired GSE Composystem and Setroson in 2025 for $16.8M (Aerospace and defence ground support equipment), Spain. Acquired by Phoenix Aerospace (Phoenix Rise Capital and Orion Capital). Backed by Atiud Capital, Barrilero Legal Angels, Beka Finance, Cabiedes Inversiones, Enrique Locutura, Eugenio Rodriguez, Knudsen family, Leon Bartolome, ONEtoONE Asset Management, Secways. Source: https://searchfundsnews.com/trio-of-searchers-at-phoenix-aerospace-acquires-2-spanish-aerospace-companies/
- Pina Capital — Investor
- Pinvest Ventures — Investor
- Pleamar Partners — Search fund · Backed by Alza Capital Partners, Arada Capital Partners, Atiud, Atiud Capital Center, Beka Alpha Search Funds, Tres Coronas, Turtle Capital
Search fund vehicle. Led by José Luis Soria Ibáñez; Carlos Gómez de Iturriaga. Acquired Adinor in 2024. Source: https://searchfundsnews.com/pleamar-partners-completes-the-acquisition-of-adinor/
- Acquired Adinor in 2024 (Metal products), Spain. Valladolid maker of aluminium joinery/hardware for furniture and DIY; ~EUR10M revenue, ~20% EBITDA Backed by ALZA Capital Partners, Alza Capital Partners, Arada Capital Partners, Atiud, Atiud Capital Center, Beka Alpha Search Funds, Tres Coronas Capital, Turtle Capital. Source: https://searchfundsnews.com/pleamar-partners-completes-the-acquisition-of-adinor/
- Polsso Capital — Search fund
Search fund vehicle. Acquired Vega Piel in 2026. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Vega Piel in 2026 (Leather), Spain. Raw-hide / leather trading company Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Pontem Capital — Search fund · Backed by Alex Tuya, Enrique Locutura, Iniginy Capital, Inversiones Cabiedes, Inversiones Cabiedes (Jose and Luis Martin Gutierrez de Cabiedes), Javier Martín Chocarro, Tomás Barrilero
Search fund vehicle. Led by David Malo. Acquired Alonso Luz y Gas in 2024. Source: https://searchfundsnews.com/pontem-capital-acquires-spanish-company-alonso-luz-y-gas/
- Acquired Alonso Luz y Gas in 2024 for ~EUR4M (EV) (Installation services), Spain. Aragón electricity/gas/water installation and maintenance company; 70+ employees, ~EUR5.3M revenue Backed by Alex Tuya, Enrique Locutura, Iniginy Capital, Inversiones Cabiedes, Inversiones Cabiedes (Jose and Luis Martin Gutierrez de Cabiedes), Javier Martín Chocarro, Tomás Barrilero. Source: https://searchfundsnews.com/pontem-capital-acquires-spanish-company-alonso-luz-y-gas/
- Preludio Partners — Search fund · Backed by Evolutiq, Secways, Spectra Investments, Ventura Search Capital, Vonzeo Capital
Search fund vehicle. Acquired Envases Sanz Belda (Rigid plastic packaging manufacturing) in Spain, announced 2026-02-26.
- Acquired Envases Sanz Belda in 2026 for EUR11.9M in revenue in 2024 and EUR2.5M in EBITDA (Rigid plastic packaging manufacturing), Spain. Acquired by Preludio Partners (Andres Garrido and Curro Fita). Backed by Evolutiq, Secways, Spectra Investments, Ventura Search Capital, Vonzeo Capital. Source: https://searchfundsnews.com/preludio-partners-acquired-100-of-envases-sanz-belda/
- Promax Capital Investments — Investor
Search fund investor. Backs Baluarte Capital.
- QUO Capital Partners (Quo Inversion) — Search fund · Backed by Promax Capital Investments
Search fund vehicle. Led by Ariadna Canellas; Narcis Feliu de la Penya. Acquired Hermex Iberica in 2025. Source: https://www.promaxcapitalinvestments.com/search-funds-variable
- Acquired Hermex Iberica in 2025 (School furniture / equipment), Spain. Furniture and educational equipment for classrooms and playgrounds Backed by Promax Capital Investments. Registry (empresia.es/empresa/hermex-iberica/) shows Canellas and Feliu de la Penya appointed joint directors on 14 Nov 2025. Source: https://www.promaxcapitalinvestments.com/search-funds-variable
- Quo Inversión — Search fund · Backed by Alza Capital Partners, Cerralvo Capital, Going Investment, Istria Capital, JB46, Turtle Capital, Vonzeo Capital, Gernot Eisinger, Thomas Buehler, Luis Camilleri, Marc Bartomeus, José María Clotet
Search fund vehicle. Led by Narcís Feliu de la Peña; Ariadna Cañellas. Acquired Hermex Ibérica in 2025. Source: https://searchfundsnews.com/duo-sf-quo-inversion-acquires-a-spanish-sme-in-the-school-furniture-and-equipment-sector/
- Acquired Hermex Ibérica in 2025 (School furniture), Spain. Catalan school furniture and educational equipment maker/distributor; EUR11.5M revenue, EUR1.4M EBITDA (2023) Backed by Alza Capital Partners, Cerralvo Capital, Going Investment, Istria Capital, JB46, Turtle Capital, Vonzeo Capital, Gernot Eisinger, Thomas Büehler, Luis Camilleri, Marc Bartomeus, José María Clotet. Source: https://searchfundsnews.com/duo-sf-quo-inversion-acquires-a-spanish-sme-in-the-school-furniture-and-equipment-sector/
- Relay Investments — Investor, Boston, USA
Category A search fund investor · Boston, USA · $200M AUM · 200+ search funds backed; heavy technology focus with fast-growing international exits since 2019.
- Relevian — Search fund · Backed by Alza Capital Partners, Atiud Capital Center, Aurica Search Fund, Aurica Search Fund (Aurica Capital), Evolutiq, George Jankovic, Heritage Holdings Search Partners, Kinderhook Partners, Martell Capital Partners
Search fund vehicle. Led by Marcos Durán Foix. Acquired Hispania Educación y Comunicación in 2025. Source: https://searchfundsnews.com/relevian-acquires-spanish-language-school-hispania/
- Acquired Hispania Educación y Comunicación in 2025 (Education), Spain. Valencia Spanish-language school for international students; ~EUR5M sales, ~EUR2M EBITDA Backed by Alza Capital, Atiud Capital Center, Aurica Search Fund, Aurica Search Fund (Aurica Capital), Evolutiq, George Jankovic, Heritage Search Partners, Kinderhook Partners, Martell Capital Partners. Source: https://searchfundsnews.com/relevian-acquires-spanish-language-school-hispania/
- Rigi Capital — Search fund · Backed by Aurica Search Fund, Institut Catala de Finances (ICF), ITACA Capital Partners, Karim Zahran, Moonbase Capital
Search fund vehicle. Acquired Super's Diana (Animal health / veterinary pharmaceuticals) in Spain, announced 2026-05-07.
- Acquired Super's Diana in 2026 for $17.4M (Animal health / veterinary pharmaceuticals), Spain. Acquired by Rigi Capital (Jorge Oriol). Backed by Aurica Search Fund, Institut Catala de Finances (ICF), Itaca Capital Partners, Karim Zahran, Moonbase Capital. Source: https://searchfundsnews.com/rigi-capital-acquires-supers-diana-in-spain/
- Road Capital — Search fund · Backed by Turtle Capital
Search fund vehicle. Acquired Termopack in 2022. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Termopack in 2022 (Packaging), Spain. Industrial packaging manufacturer Backed by Turtle Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Robert Monks — Investor
Search fund investor. Backs Syna Capital.
- Sachem Partners — Search fund · Backed by Istria Capital, Mayrit Capital Partners, Bietou Capital, Blake Winchell, JB46, Scott Asen, Antonio Carranceja, Kinderhook Partners, Leon Bartolome, Vonzeo Capital
Search fund vehicle. Acquired Lanaccess in 2018. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Lanaccess Telecom in 2018 (Security technology), Spain. Video-surveillance and AI video-security solutions for critical-infrastructure clients, 25+ years Backed by Istria Capital, MAYRIT Capital Partners, Bietou Capital, Blake Winchell, JB46, Scott Asen, Antonio Carranceja, Kinderhook Partners, Leon Bartolome, Vonzeo Capital. Registry shows Malinau Investments SL as sole shareholder of Lanaccess from 29 Jan 2019 with Di Cecco and Guillem as directors; sachempartners.com names them as Sachem's managing partners and lists the partner-investors. JB46/Relay give acquisition year 2018. Vonzeo link from existing mind map. Source: https://www.empresia.es/empresa/lanaccess-telecom/
- Acquired Lanaccess in 2018 (Security software), Spain. Video surveillance software solutions Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Saltoun Capital Partners — Investor
Search fund investor. Backs Baluarte Capital.
- Scott Asen — Investor
- Secways — Investor
- Sentinel Capital Partners — Investor
- SFClub — Investor
- Signatus Capital — Search fund · Backed by ITACA Capital Partners, Arada Capital Partners
- Acquired IESMAT in 2021 (Scientific Instrumentation), Spain. Acquired by Signatus Capital (led by Enrique Sales), backed by ITACA Capital Partners and Arada Capital Partners
- Simon Webster — Investor
- Sisal Capital — Search fund · Backed by Beka Alpha Search Funds, Cabiesa Capital, LEN Investments, Leon Bartolome, Enrique Locutura, Mugello Inversiones, Grupo Santa Marta, Alejandro Rodríguez Carmona
Self-funded searcher vehicle. Led by Luis Díaz-Barceló Suanzes; Erick O'Neill. Acquired Pentatel Comunicaciones in 2025. Source: https://searchfundsnews.com/sisal-capital-has-bought-an-sme-specializing-in-audiovisual-integration-in-spain/
- Acquired Pentatel Comunicaciones in 2025 (AV integration), Spain. Audiovisual integration / IT infrastructure consultancy (clients: Bankinter, Santander, BBVA) Backed by Beka Alpha Search Funds, Cabiesa, LEN Investments, León Bartolomé, Enrique Locutura, Mugello Inversiones, Grupo Santa Marta, Alejandro Rodríguez Carmona. Source: https://searchfundsnews.com/sisal-capital-has-bought-an-sme-specializing-in-audiovisual-integration-in-spain/
- Soare Holdings — Investor
- Somontano Capital — Search fund
Search fund vehicle. Acquired TC Componentes in 2023. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired TC Componentes in 2023 (Electronic components distribution), Spain. Electronic components distributor Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Sotavento Capital — Search fund · Backed by Inversiones Cabiedes, ITACA Capital Partners, Marc Bartomeus (Albira Investments), Marion Equity Partners (Mark and Bill Egan), AI Global (José Moreno), Simon Webster, Tom Hendrickx, Will Thorndike, Alza Capital Partners, Promax Capital Investments
Search fund vehicle. Led by Jorge Rivero. Acquired Cinergia Power Solutions in 2021. Source: https://capital-riesgo.es/en/articles/dla-piper-asesora-al-search-fund-sotavento-capital-en-la-compra-de-cinergia-power-solutions/
- Acquired Cinergia in 2021 (Test & measurement equipment), Spain. Barcelona designer of AC/DC power-electronics test equipment for EVs, renewables and smart grids, sold to R&D labs worldwide Backed by Itaca Capital Partners, ALZA Capital Partners, Promax Capital Investments. Source: https://itaca.capital/companies/
- Acquired Cinergia Power Solutions in 2021 (Power electronics), Spain. Barcelona custom power-electronics solutions maker (founded 2008) Backed by Inversiones Cabiedes, Itaca Capital, Marc Bartomeus (Albira Investments), Marion Equity Partners (Mark and Bill Egan), AI Global (José Moreno), Simon Webster, Tom Hendrickx, Will Thorndike. Source: https://capital-riesgo.es/en/articles/dla-piper-asesora-al-search-fund-sotavento-capital-en-la-compra-de-cinergia-power-solutions/
- Spectra Investments — Investor, Brazil
Search fund investor (Category C) · Brazil · founded 2017 · ~$1.23B AUM, 700+ investee companies; LATAM-focused, prefers mid-market over startups.
- Surca Capital — Search fund
Search fund vehicle. Led by Edgar Company. Acquired Fasten Sistemas in 2023. Source: https://blog.zriveapp.com/p/como-llegar-a-ceo-antes-de-los-35
- Acquired Fasten Sistemas in 2023 (Industrial), Spain. Industrial fastening systems Source: https://blog.zriveapp.com/p/como-llegar-a-ceo-antes-de-los-35
- Syna Capital — Search fund · Backed by Alza Capital Partners, JB46, Kavnish Capital Partners, AIJ Global, Luis Camilleri, Fernando Herrero, Jesús Alonso, Félix Capell, Paz Ambrosy, Robert Monks
Search fund vehicle. Led by Joaquín Pardo. Acquired Vozitel and Cristalware in 2019. Source: https://searchfundsnews.com/another-successful-exit-in-spain-vozitel-joins-the-everfield-ecosystem/
- Acquired Vozitel and Cristalware in 2019 (Contact-center software), Spain. Vozitel: omnichannel CCaaS/AI contact-center software; Cristalware: customer-loyalty legal consultancy Backed by Alza Capital Partners, JB46, Kavnish Capital Partners, AIJ Global, Luis Camilleri, Fernando Herrero, Jesús Alonso, Félix Capell, Paz Ambrosy, Robert Monks. Source: https://searchfundsnews.com/another-successful-exit-in-spain-vozitel-joins-the-everfield-ecosystem/
- Tagus Capital — Search fund
Search fund vehicle. Acquired The Umai Group in 2020. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired The Umai Group in 2020 (Restaurants), Spain. Restaurant chain Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Targos Capital — Search fund · Backed by ALX Hormes Capital, Colca Capital, Grupo Santa Marta, Iberica Investment Partners, JB46, Legacy Partners, Legatum, Pina Capital, Secways, Soare Holdings, Ventus Capital, Vonzeo Capital
Search fund vehicle. Acquired Letro, Cartondis and Trelaco (Corrugated cardboard packaging) in Spain, announced 2026-04-24.
- Acquired Letro, Cartondis and Trelaco in 2026 (Corrugated cardboard packaging), Spain. Acquired by Targos Capital (Diego Canales and Nicolas Romo). Backed by ALX Hormes Capital, Colca Capital, Grupo Santa Marta, Iberica Investment Partners, JB46, Legacy Partners, Legatum, Pina Capital, Secways, Soare Holdings, Ventus Capital, Vonzeo Capital. Source: https://searchfundsnews.com/targos-capital-acquires-100-of-a-spanish-corrugated-cardboard-packaging-group/
- Acquired Letro, Cartondis, and Trelaco (corrugated cardboard packaging group) in 2026 (Corrugated cardboard packaging), Spain. Acquired by Targos Capital (Diego Canales and Nicolás Romo). Backed by JB46, Vonzeo Capital, Grupo Santa Marta, Pina Capital, Iberica Investment Partners, Legatum, Secways, Legacy Partners, Colca Capital, Soare Holdings, ALX Hormes Capital, Ventus Capital. Source: https://searchfundsnews.com/targos-capital-acquires-100-of-a-spanish-corrugated-cardboard-packaging-group/
- Taurus Capital — Search fund · Backed by Istria Capital, Cerralvo Capital, Liberty Search, Alza Capital Partners, Afinum, JB46, Vonzeo Capital, Luis Camilleri, Fernando Herrero, Paz Ambrosy
Search fund vehicle. Acquired Bike Ocasión in 2022. Source: https://searchfundsnews.com/2nd-exit-in-spain-in-2024-seaya-andromeda-acquires-70-stake-in-bike-ocasion/
- Acquired Bike Ocasión in 2022 (Circular-economy retail), Spain. Omnichannel refurbished-bicycle retailer, Spain's market leader Backed by Istria Capital, Cerralvo Capital, Liberty Search Ventures, Alza Capital Partners, Afinum, JB46, Vonzeo Capital, Luis Camilleri, Fernando Herrero, Paz Ambrosy. Source: https://searchfundsnews.com/2nd-exit-in-spain-in-2024-seaya-andromeda-acquires-70-stake-in-bike-ocasion/
- Terra Firma Capital — Search fund · Backed by Istria Capital, ONEtoONE Asset Management, Ethos Partners (now Orca Equity Partners), Beka Finance, Cabiedes Inversiones, Luis Camilleri, Secways, Turtle Capital, Xavier Pladellorens
Search fund vehicle. Acquired Termotur and Airnou (Grup Nextclima) (HVAC (heating, ventilation, air conditioning) services) in Spain, announced Thu Sep 18 2025 00:00:00 GMT+0000 (Coordinated Universal Time).
- Acquired Termotur and Airnou (Grup Nextclima) in 2025 (HVAC (heating, ventilation, air conditioning) services), Spain. Acquired by Marc Giné (Terra Firma Capital). Backed by Istria Capital, ONEtoONE Asset Management, Ethos Partners (now Orca Equity Partners), Beka Finance, Cabiedes Inversiones, Luis Camilleri, Secways, Turtle Capital, Xavier Pladellorens. Source: https://searchfundsnews.com/spanish-searcher-buys-2-companies-in-the-hvac-sector/
- Thomas Buehler — Investor
- Tilden Capital — Search fund · Backed by Relay Investments, Istria Capital, JB46, Alza Capital Partners
Search fund vehicle. Acquired Grupo Espiral MS in 2021. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Grupo Espiral MS (Proactivanet / Prosafety) in 2021 (Software), Spain. Asturias software group: ProactivaNet IT asset/service management and Prosafety EHSQ software Backed by Istria Capital, JB46, Relay Investments, ALZA Capital Partners. Proactivanet: 'In 2021, Tilden Investments, headed by its new CEO Alvaro de Rivera, made an important investment'. Registry (empresia.es/empresa/espiral-microsistemas/) shows Tilden Investments SL as sole shareholder. Source: https://www.proactivanet.com/en/about-us/
- Acquired Grupo Espiral MS in 2021 (Software), Spain. Software company Backed by Relay Investments. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- TMB3 Fund — Investor
- Tobias Raeber — Investor
Search fund investor. Backs Cneo Partners.
- Tom Hendrickx — Investor
Search fund investor. Backs Sotavento Capital.
- Tomás Barrilero — Investor
Search fund investor. Backs Pontem Capital.
- Transición — Search fund · Backed by Alza Capital Partners, Bill Egan, Inversiones Cabiedes, Istria Capital, Leon Bartolome, Relay Investments, WSC & Company
Search fund vehicle. Led by David Jacq. Acquired Mapex in 2018. Source: https://searchfundsnews.com/mapex-enters-a-new-phase-of-growth-following-its-integration-into-the-proalpha-group/
- Acquired Mapex in 2018 (Industrial software), Spain. Barcelona MES (manufacturing execution systems) software provider; EUR5.7M revenue 2018 Backed by ALZA Capital Partners, Alza Capital Partners, Bill Egan, Cabiedes Capital, Istria Capital, León Bartolomé, Relay Investments, WSC & Company. Source: https://searchfundsnews.com/mapex-enters-a-new-phase-of-growth-following-its-integration-into-the-proalpha-group/
- Tres Coronas — Investor
- TTCER Partners — Investor, California, USA
Category A search fund investor · California, USA · founded 2007 · invested in 200+ search-acquired businesses; deeply active international coinvestor.
- Turtle Capital — Investor
- Ventura — Search fund
Search fund vehicle. Acquired Business Software Group in 2021. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Business Software Group in 2021 (Software), Spain. Software company Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Ventura Search Capital — Investor
- Ventus Capital — Investor
- Versa Capital — Search fund · Backed by Alza Capital Partners, Cabiesa Capital, Ethos Search Capital, Istria Capital, Novidam, Sentinel Capital Partners, Tres Coronas
Search fund vehicle. Led by Maxime Weissend. Acquired TodoExtintor and Seguretat SM Alcarràs in 2023. Source: https://searchfundsnews.com/versa-capital-completes-its-search-process-with-the-acquisition-of-todoextintor-and-seguretat-sm-alcarras/
- Acquired TodoExtintor and Seguretat SM Alcarràs in 2023 (Fire safety), Spain. Fire-equipment manufacturer (EUR8M sales) and gas-extinguishing services firm (EUR1.5M) Backed by ALZA Capital Partners, Alza Capital Partners, Cabiesa Capital, Ethos Search Capital, Istria Capital, Novidam, Sentinel, Tres Coronas Capital. Source: https://searchfundsnews.com/versa-capital-completes-its-search-process-with-the-acquisition-of-todoextintor-and-seguretat-sm-alcarras/
- Verus Inversiones — Search fund
Search fund vehicle. Acquired Novas & Mar in 2023. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Acquired Novas & Mar in 2023 (Food distribution), Spain. Food distribution Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- Vesta Capital Partners — Search fund · Backed by Alza Capital Partners, Inversiones Cabiedes, Istria Capital, JB46, Juergen Rilling, Pacific Lake Partners, Relay Investments
Search fund vehicle. Led by Carlos Fernández. Acquired Salvavidas Cardio (Anek S3) in 2021. Source: https://searchfundsnews.com/another-exit-in-spain-salvavidas-cardio-acquired-by-safe-life/
- Acquired Salvavidas Cardio (Anek S3) in 2021 (Healthcare), Spain. AED / cardio-protection-as-a-service and training; EUR5-6M revenue Backed by ALZA Capital Partners, Alza Capital Partners, Cabiedes Capital, Istria Capital, JB46, Juergen Rilling, Pacific Lake Partners, Relay Investments. Source: https://searchfundsnews.com/another-exit-in-spain-salvavidas-cardio-acquired-by-safe-life/
- Vigía Capital — Search fund · Backed by Juan Cuesta
Search fund vehicle. Led by Javier González-Tovar. Acquired Plásticos Arias in 2020. Source: https://www.elespanol.com/invertia/mis-finanzas/fondos-de-inversion/20240521/alaluz-capital-mueve-fondo-search-funds-captar-millones-euros-comprar-pymes/856664791_0.html
- Acquired Plásticos Arias in 2020 (Plastics manufacturing), Spain. Galician plastics manufacturer Backed by Juan Cuesta. Source: https://www.elespanol.com/invertia/mis-finanzas/fondos-de-inversion/20240521/alaluz-capital-mueve-fondo-search-funds-captar-millones-euros-comprar-pymes/856664791_0.html
- Vonzeo Capital — Investor, Vancouver, Canada
Search fund investor (Category B) · Vancouver, Canada · founded 2017, first search fund investor outside the US; $40M fund across 13 non-US countries, check size $500K-$1M.
- Acquired Sachem Partners, Spain
- Whitehole — Investor
Search fund investor. Backs KG Capital.
- Will Thorndike — Investor
- William Thorndike — Investor
- WSC & Company — Investor, Charlotte, North Carolina, USA
Category A search fund investor · Charlotte, NC · $2B+ portfolio enterprise value · 90+ companies backed; frequent co-investor with Relay & Miramar.
- Xavier Pladellorens — Investor