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Private Equity FundAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 13 SOURCES

Adapta Capital

Also known as Adapta Capital, S.L.

Madrid investment vehicle owned by entrepreneur families that takes majority or strategic minority stakes in Spanish and Portuguese SMEs (Elha, Proma, Irmarfer); tickets €10–30M.

HEADQUARTERS
Madrid, Spain
FOUNDED
—
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
3 people

FOCUS

STAGES
GrowthBuyout
SECTORS
Consumer & E-commerceIndustrial & Manufacturing
ASSET MIX
Private equity
GEOGRAPHY
SpainPortugal

WHAT IT IS

Private Equity Fund. A fund manager investing limited-partner capital into mature private companies.

ABOUT

Adapta Capital invests in small and medium-sized companies in Spain and Portugal, taking majority stakes or strategic minorities and providing equity and debt with flexible holding periods. Its investors are entrepreneur families, family offices and chief executives of their own companies. It holds majority stakes in the laser hair-removal chain Elha, the interior-door maker Puertas Proma and the Portuguese temporary-structures group Irmarfer, which acquired the Catalan company MAC Group in 2026. The team is led by partners Fernando Castillo and Roger Vidal.

PORTFOLIO (5)

  • Elha (Grupo Elha)NOTABLE
    Consumer & E-commerce
  • Irmarfer (Grupo Irmarfer)NOTABLE
    Industrial & Manufacturing · since 2025
  • Puertas Proma
    Industrial & Manufacturing
  • MAC Group
    Industrial & Manufacturing · since 2026
  • Láserum
    Consumer & E-commerce

TEAM

  • Fernando Castillo
    Partner · source
  • Roger Vidal
    Partner · source
  • Jaime Vaquero
    Vice President · source

LINKS

FAQ

Adapta Capital is a private equity fund based in Madrid, Spain.

Yes. Adapta Capital invests directly in private companies.

Adapta Capital invests at Growth and Buyout stages in Consumer & E-commerce and Industrial & Manufacturing.

Adapta Capital's stated ticket size is €10M–€30M.

Key people at Adapta Capital include Fernando Castillo (Partner), Roger Vidal (Partner) and Jaime Vaquero (Vice President).

Adapta Capital's investments include Elha (Grupo Elha), Irmarfer (Grupo Irmarfer), Puertas Proma, MAC Group and Láserum.

The most recent publicly reported investment by Adapta Capital is MAC Group (Add-on acquisition (through portfolio company Irmarfer)), announced in Mar 2026.

Yes. Adapta Capital manages capital from outside investors.