Espiga Capital

Espiga Capital is a Madrid-based private equity firm that focuses on investments in small and medium-sized companies in Spain and Portugal. Established in 1998, the firm specializes in growth capital, management buy-outs, owner buyouts, and companies seeking shareholder replacement or liquidity. It typically invests between €2.5 million and €20 million in businesses with annual revenues ranging from €10 million to €200 million and EBITDA between €2 million and €10 million. Espiga Capital targets firms across various industries, excluding real estate and financial services, and prefers to take both minority and majority stakes while often securing a seat on the Board of Directors. The firm has a proven track record, having invested in 18 companies and completed 13 divestments since its inception. Additionally, Espiga Capital has launched the Espiga Equity Fund FCR, which has commitments of €110 million from institutional investors. The management team possesses over 20 years of experience in the Spanish market, emphasizing sustainable growth and profitability in its investment strategy.

Pablo Bilbao

Partner

Juan Carvajal

Managing Partner

Alberto García-Obregón

Associate

Carlos Lomas

Partner

David Núñez

Partner

Carlos Prado Pérez-Seoane

Managing Partner

Alicia Rodríguez-Lázaro

Senior Associate

Lorenzo Thams

Director

18 past transactions

Tubing Food S.L.

Acquisition in 2018
Tubing Food S.L. designs, manufactures, and markets equipment for dispensing of beers and carbonated beverages. Its products include autotanks; columns, such as white ceramic and Z tower; straight, KEG, and 90 degree connectors; and fauctes. Tubing Food S.L. was founded in 1966 and is based in Barcelona, Spain.

Unica

Acquisition in 2016
Unica is a privately held company that specializes in developing and manufacturing technical rubber compounds.

Deltalab

Private Equity Round in 2016
DELTALAB, SL designs and manufactures lab ware for clinics, hospitals, industries, universities, and referral laboratories. The company’s products include calibrated inoculating loops, micro tubes for PCR, filter tips, serological pipettes, DNA free swabs for genetic research, urine container bottles for vacuum tubes, and porous beads for microbiological culture preservation. It sells its products through a network of distributors in Spain and internationally. The company was founded in 1976 and is headquartered in Barcelona, Spain. DELTALAB, SL is a former subsidiary of Giravi S.A.

24fab

Seed Round in 2016
24fab is an apparel rental company. It provides an ecommerce platform that enables its users to rents out dresses and accessories from designers. The company offers accessories such as gloves, jewelleries, Belts, bags, and purses. 24fab was founded by Anabel Zamora in 2009.

Cintas Adhesivas Ubis

Private Equity Round in 2015
Cintas Adhesivas Ubis is a manufacturer of adhesive tapes based in Hernani, Spain, specializing in various applications, including packaging, printing, painting, automotive, and construction. Established in 1970, the company began by marketing adhesive tapes and expanded into manufacturing its own products in 1972, utilizing solvent-based technology. It has since evolved into the only adhesive tape manufacturer in Spain and one of the leading producers in Europe, offering a diverse range of products such as PVC and polypropylene packaging tapes, masking tapes, and double-sided adhesive tapes. Cintas operates from a facility covering 25,000 square meters with an annual production capacity of 400 million square meters. The company exports 60% of its turnover, reaching over 70 countries across all continents. Recently, Cintas has undergone a generational renewal, bringing in a young and highly-qualified workforce prepared to embrace new challenges.

Enjoy!

Acquisition in 2015
Enjoy! is the promotion and management of sports facilities under long-term administration concession regime.

Softonic

Private Equity Round in 2011
Softonic operates Softonic.com, a prominent platform for software and app discovery, providing an extensive selection of applications across numerous categories. As a leading European company, Softonic attracts over 100 million unique monthly users, resulting in more than 4 million daily downloads. In addition to its core website, Softonic has developed the Turbo Booster app, which is utilized by over 5 million users to enhance and optimize their Android devices. Through its comprehensive offerings, Softonic has established itself as a key player in the online software guide industry.

Ydilo AVS

Private Equity Round in 2009
Ydilo AVS, S.A. specializes in developing customer care cloud solutions tailored for medium and large enterprises. The company provides Ydilo Cloud, a server architecture designed for software as a service (SaaS), and the Ydilo Enterprise Virtual Assistant (EVA), an omnichannel artificial intelligence platform that enhances customer interactions through conversational experiences. Its technology facilitates the automation of customer service and business processes, serving sectors such as telecommunications, banking, public administration, and large corporations. By leveraging advanced technologies in mobile devices, speech recognition, and multi-channel interaction analysis, Ydilo AVS enables its clients to deliver intuitive and efficient customer care across various channels. Established in 1999 and headquartered in Las Rozas, Spain, Ydilo AVS was previously known as Ydilo Advanced Voice Solutions, S.A.

M30 Stands

Acquisition in 2007
M30 Stands 2003 SA designs and assembly of stands for fairs.

Pool CP

Private Equity Round in 2007
Pool CP is the marketing and communication services specialized in retail.

Industrial Veterinaria

Acquisition in 2005
Industrial Veterinaria is a veterinary pharmaceutical laboratory, engages in the development, manufacture, and distribution of medicines and nutritional products for animal health. The company offers a portfolio of products to prevent and improve health, production, and welfare in various animal species, including antibiotics, anti-inflammatories, analgesics, anti-parasites, hormonals, metabolism regulators, and nutraceuticals, as well as anti-deficiency and medicated premix products.

Lékué

Acquisition in 2005
Lékué is a manufacturer based in Barcelona, Spain, specializing in the development and production of kitchen tools made from platinum silicone. The company offers a diverse range of products, including cookware, bakeware, food preparation containers, and food storage solutions. By focusing on innovative designs and high-quality materials, Lékué aims to meet the needs of consumers looking for practical and safe kitchen accessories.

Tecresa

Acquisition in 2004
Tecresa provides services of technical coatings for the industry refractories ceramic fibers.

Stock Uno Grupo de Servicios

Private Equity Round in 2001
Stock Uno Grupo de Servicios provides logistics and product management services and advertising material at the point of sale.

Iberchem

Acquisition in 1999
Iberchem S.A., founded in 1985, is a prominent manufacturer of fragrances and flavors based in Alcantarilla, Spain. The company specializes in creating a wide range of fragrances for personal care products, home care items, and air care products, as well as flavors for various food and beverage categories, including confectionery, dairy, and alcoholic drinks. Iberchem’s extensive portfolio also includes flavors for sauces, condiments, and tobacco products. With a commitment to quality and sustainability, the company operates 13 manufacturing facilities across several countries, including China, Indonesia, and Italy, and markets its products through distributors and agents in over 120 countries. Employing more than 800 people globally, Iberchem emphasizes excellence in production while respecting the natural world. As of November 2020, it operates as a subsidiary of Croda International Plc.

Ola Internet SA

Acquisition in 1999
Ola Internet SA offers Internet protocol telephony, high-speed access to the Internet, e-mail, hosting, on-line shops, safety on the Internet and B2B advanced-technology services.

Damel Group

Acquisition in 1998
Damel Group is the candy and chewing gum manufacturer.

Marie Claire S.A.

Acquisition in 1998
Marie Claire S.A. is manufacturer of stockings, women’s and men’s socks with a growing position in women’s and men’s undergarments, lingerie and swimming costumes
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