Turtle Capital

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• Anval Capital — Search fund · Backed by Turtle Capital

  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/
• Pleamar Partners — Search fund · Backed by 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/
• Quo Inversión — Search fund · Backed by Turtle Capital

  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/
• 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/
• Terra Firma Capital — Search fund · Backed by Turtle Capital

  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/
• Turtle Capital — Investor