Diana Capital
Also known as Diana Capital, SGEIC, S.A.
Madrid private equity manager founded in 2000; growth capital for Spanish mid-market companies, mainly via capital increases. Diana Capital III FCR has €180m; €400m+ under management.
- HEADQUARTERS
- Madrid, Spain
- FOUNDED
- 2000
- AUM
- €400M (2025)
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 9 people
Focus
- STAGES
- Growth
- ASSET MIX
- Private equity
- GEOGRAPHY
- Spain
Overview
Diana Capital was created in 2000 and its manager, Diana Capital SGEIC, was entered in the CNMV register in July 2000. It takes majority or minority stakes in Spanish mid-market companies, usually through capital increases that fund expansion and international growth, with no leverage at entry. It has raised three funds and reported more than €400m under management in 2025; Diana Capital III FCR has €180m. Andbank took a 14.5% stake in the manager in April 2025; the CEO Francisco Gómez-Zubeldia holds 50.5%.
Investment thesis
Growth capital for Spain-based middle-market companies with expansion and internationalisation plans; mainly capital increases, occasionally shareholder replacement; hands-on board involvement and buy-and-build acquisitions through portfolio companies.
PORTFOLIO (12)
- GransolarNOTABLEClimate & Energy · Exited
- Aurora Intelligent NutritionFood & Agriculture · since 2026
- RevestechIndustrial & Manufacturing · since 2025
- Grupo LappíIndustrial & Manufacturing
- GoccoConsumer & E-commerce
- EstandaIndustrial & Manufacturing
- Grupo GuascorClimate & Energy · Exited
- Grupo IndalIndustrial & Manufacturing · Exited
- Grupo RecydeIndustrial & Manufacturing · Exited
- MegafoodConsumer & E-commerce · Exited
- LumelcoIndustrial & Manufacturing · Exited
- BQConsumer & E-commerce · Exited
People
- Francisco Gómez-ZubeldiaVice-Chairman and CEO · source
- José Javier Fernández Las HerasPartner · source
- Elena PajarínPartner · source
- Alejandro MejíasPartner · source
- Cristina JiménezHead of Sustainability and Administration · source
- José María BergarecheChairman of the Board · source
- Alfonso EguidazuBoard member · source
- Pablo OlábarriBoard member · source
- Leopold Van DoorneBoard member · source
Links
Frequently asked questions
Diana Capital is a private equity fund based in Madrid, Spain, founded in 2000.
Yes. Diana Capital invests its own capital in private companies.
Diana Capital invests at Growth stage in Industrial & Manufacturing, Consumer & E-commerce, Food & Agriculture and Climate & Energy.
Diana Capital's stated ticket size is €10M–€30M.
Key people at Diana Capital include Francisco Gómez-Zubeldia (Vice-Chairman and CEO), José Javier Fernández Las Heras (Partner), Elena Pajarín (Partner) and Alejandro Mejías (Partner).
Diana Capital's investments include Gransolar, Aurora Intelligent Nutrition, Revestech, Grupo Lappí, Gocco, Estanda, Grupo Guascor and Grupo Indal, among others.
The most recent publicly reported investment by Diana Capital is Aurora Intelligent Nutrition (Growth (capital increase; 46% stake; fourth deal of Diana Capital III FCR)), announced in Jul 2026.
Yes. Diana Capital manages capital from outside investors.