Abac Capital
Also known as Abac Capital Manager, SGEIC, S.A., Abac, Abac Nest
Barcelona mid-market private equity manager founded in 2014 by ex-Apax partners; €15M–€60M equity tickets in Spanish companies; also runs the Abac Nest seed VC fund.
- HEADQUARTERS
- Barcelona, Spain
- FOUNDED
- 2014
- AUM
- €600M (2023)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 12 people
FOCUS
- STAGES
- Pre-SeedSeedGrowthBuyout
- ASSET MIX
- Private equityVenture capital
- GEOGRAPHY
- Spain
WHAT IT IS
Private Equity Fund. A fund manager investing limited-partner capital into mature private companies.
- Venture capital strategy of Abac Capital; Abac Nest II FCRE invests €50K–€500K in pre-seed and seed technology start-ups
ABOUT
Abac Capital is an independent private equity manager founded in 2014 by Oriol Pinya, Borja Martínez de la Rosa and the late Javier Rigau, all formerly of Apax Partners, with offices in Barcelona and Madrid. Its SGEIC, Abac Capital Manager, SGEIC, S.A., is registered with the CNMV (no. 154, 22 November 2019). It invests €15M–€60M of equity in cash-flow-positive companies with revenues above €30M and EBITDA above €5M, through partnerships, buy-and-builds, carve-outs and similar transformation situations, and had €600M under management as of July 2023 (ICF release). Its venture strategy, Abac Nest, invests €50K–€500K in pre-seed and seed technology start-ups.
INVESTMENT THESIS
Cash-flow-positive Spanish mid-market companies (revenues above €30M, EBITDA above €5M) facing transformation: partnerships, buy-and-builds, misunderstood or under-managed assets, carve-outs and buy-ins; focus on services, industrials, TMT, consumer digital, healthcare and energy.
PORTFOLIO (12)
- Industrial & Manufacturing · since 2025
- Industrial & Manufacturing · since 2025
- Food & Agriculture · since 2022
- Industrial & Manufacturing · since 2022
- Industrial & Manufacturing · since 2022 · Exited
- Global Dairy Ventures (Iberconseil)Food & Agriculture · since 2023 · Exited
- Consumer & E-commerce · since 2020
- Food & Agriculture · since 2019
- Consumer & E-commerce · since 2018
- Consumer & E-commerce · since 2018
- PronoKal GroupHealthTech · since 2017 · Exited
- Industrial & Manufacturing · since 2015 · Exited
TEAM
- Oriol PinyaFounding Partner and CEO · source
- Founding Partner · source
- Federico ConchilloPartner · source
- Partner · source
- Partner · source
- Partner · source
- Abac Nest Partner; head of Abac Fast Forward · source
- Director · source
- Valdesca MartínezHead of Fundraising and Investor Relations · source
- Mercè BarbéFinance Director · source
- Principal, Abac Nest · source
- Rubén BonetVenture Partner, Abac Nest · source
LINKS
FAQ
Abac Capital is a private equity fund based in Barcelona, Spain, founded in 2014.
Yes. Abac Capital invests directly in private companies.
Abac Capital invests at Pre-Seed, Seed, Growth and Buyout stages in Industrial & Manufacturing, Consumer & E-commerce, Food & Agriculture, HealthTech and Software & SaaS.
Abac Capital's stated ticket size is €15M–€60M.
Key people at Abac Capital include Oriol Pinya (Founding Partner and CEO), Borja Martínez de la Rosa (Founding Partner), Federico Conchillo (Partner) and Marc Faiges (Partner).
Abac Capital's investments include Recalvi, Grupo de Incendios, BTSA, Intermas, Kitchen Bath Ventures, Global Dairy Ventures (Iberconseil), Iberfrasa and Grupo Agroponiente, among others.
The most recent publicly reported investment by Abac Capital is Recalvi (Buyout (majority stake)), announced in May 2025.
Yes. Abac Capital manages capital from outside investors.