Madrid-based Buenavista Equity Partners secures €75 million in commitments for its third buyout fund

Buenavista Equity Partners, a Madrid-based independent management firm, announced today that its fund, Buenavista Buyout Innvierte III, has secured new institutional commitments from Fond-ICO Global totalling €75 million. 

Fond-ICO Global is the first public venture capital/private equity “fund of funds” created in Spain. It is currently endowed with €4.5 billion, and aims to develop and consolidate the ecosystem of privately managed venture capital funds that invest in Spanish companies at all stages of development, from the early stages to expansion, growth and debt.  

Fond-ICO Global currently has more than 100 funds subscribed and is a key player in the sector, facilitating the growth of Spanish startups and companies at all stages of equity investment: incubators and technology transfer, venture capital and expansion capital.

Enrique Centelles Satrústegui, Head of Private Equity at Buenavista Equity Partners, commented, “We are very proud that our Buyout team has earned the trust of Fond-ICO Global to continue implementing our strategy with their support. Thanks to this public-private collaboration, we will continue to foster the growth and internationalisation of Spanish companies, helping them reach the next stage of their development.”

Founded in 1996, Buenavista Equity Partners operates in the low- to mid-market segment. It currently manages more than €1.3 billion through different private equity, infrastructure and venture capital vehicles.

Buenavista has an ecosystem of more than 400 domestic and foreign investors, including mainly pension funds, funds of funds, insurance companies, family offices, businesses, and financial institutions. In December 2024, the PE firm completed the closing of its healthcare fund, BV Healthcare Growth Innvierte I, at €100 million. Its hard cap was set at €150 million.

Buenavista Buyout Innvierte III was established in 2025 with a target size of €250 million. According to the Spanish private equity firm, the fund aims to invest in majority stakes in Spanish companies with strong growth and internationalisation potential, focusing on sectors such as healthcare, industry, services and food. 

This fund intends to build a more diversified portfolio with eight to ten investments and to enhance its ability to pursue additional acquisitions. It seeks to drive qualitative improvements, particularly in relation to digitalisation and generative AI, while pursuing further expansion through a buy-and-build strategy.

The firm notes that the fund has been designed as a strategic vehicle with a pan-European presence and aims to create robust and sustainable platforms capable of competing internationally.

The fund’s objective is to identify and drive Spanish companies with significant growth potential by acquiring majority stakes in well-positioned businesses that can lead sector consolidation, transforming them into segment leaders and supporting their international expansion.

The fund follows Buenavista’s buy-and-build approach and has already completed two transactions. The first investment, Hundred Burgers, a Valencia-based burger chain, will support the company’s ongoing national and international expansion alongside its founders. The second investment involved acquiring Instituto Bernabeu through portfolio company Eugin, and aims to establish the second-largest fertility group in Spain.