Espiga Capital
Also known as Espiga Equity Partners, SGEIC, S.A., Espiga Equity Partners
Madrid lower-mid-market private equity manager active since 1998; majority or significant minority stakes in Spanish industrial SMEs. Espiga Equity Fund (€140m, 2015) and Fund II (€165m, 2021).
- HEADQUARTERS
- Madrid, Spain
- FOUNDED
- 1998
- AUM
- —
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 3 people
Focus
- STAGES
- GrowthBuyout
- SECTORS
- Industrial & Manufacturing
- ASSET MIX
- Private equity
- GEOGRAPHY
- SpainPortugal
Overview
Espiga Capital has invested in Spanish small and mid-sized companies since 1998, initially linked to the Caja Rural group, which remained the lead LP of its 2015 fund. Its manager, Espiga Equity Partners SGEIC, was entered in the CNMV register in March 2014. Espiga Equity Fund closed in October 2015 at €140m with Fond-ICO Global and the European Investment Fund as anchors, and a second fund raised €165m of commitments in 2021. It takes majority or significant minority stakes alongside management teams in companies with EBITDA of about €2–10m.
Investment thesis
Majority or significant minority stakes, always alongside management or former owners, in profitable Spanish (and some neighbouring-country) lower-mid-market companies with EBITDA of €2–10m, mainly industrial; equity tickets of €8–20m.
PORTFOLIO (9)
- Grupo AlgaherIndustrial & Manufacturing · since 2024
- Grupo Abrasivos ManhattanIndustrial & Manufacturing · since 2023
- PlastigaurIndustrial & Manufacturing
- Grupo SilamIndustrial & Manufacturing · since 2019
- Tubing FoodIndustrial & Manufacturing · since 2017
- Unica (Unión de Industrias C.A.)Industrial & Manufacturing · since 2016
- DeltalabHealthTech · since 2016
- Enjoy WellnessConsumer & E-commerce · since 2015
- Cintas Adhesivas UbisIndustrial & Manufacturing · since 2015
People
Frequently asked questions
Espiga Capital is a private equity fund based in Madrid, Spain, founded in 1998.
Yes. Espiga Capital invests its own capital in private companies.
Espiga Capital invests at Growth and Buyout stages in Industrial & Manufacturing.
Espiga Capital's stated ticket size is €8M–€20M.
Key people at Espiga Capital include Carlos Prado (Managing Partner), Juan Carvajal (Managing Partner) and Pablo Bilbao (Partner).
Espiga Capital's investments include Grupo Algaher, Grupo Abrasivos Manhattan, Plastigaur, Grupo Silam, Tubing Food, Unica (Unión de Industrias C.A.), Deltalab and Enjoy Wellness, among others.
The most recent publicly reported investment by Espiga Capital is Grupo Algaher (Buyout (acquisition announced by seller's adviser ONEtoONE)), announced in Jan 2024.
Yes. Espiga Capital manages capital from outside investors.