Market Overview

The Spain private equity market size was valued at USD 13,774.74 Million in 2025 and is projected to reach USD 28,512.76 Million by 2034. It is expected to grow at a compound annual growth rate (CAGR) of 8.42% during the forecast period from 2026 to 2034. Expansion is driven by economic recovery, digital innovation, corporate restructuring, and supportive fiscal policies. The market also benefits from diversification into sustainable and regional investments.

Study Assumption Years

  • Base Year: 2025
  • Historical Year/Period: 2020-2025
  • Forecast Year/Period: 2026-2034

Spain Private Equity Market Key Takeaways

  • The Spain private equity market size was valued at USD 13,774.74 Million in 2025.
  • The market is expected to grow at a CAGR of 8.42% between 2026 and 2034.
  • Buyout dominates the market with a 38% share in 2025, driven by middle-market transactions targeting established businesses for operational improvements and international expansion.
  • The market exhibits moderate competitive intensity with multinational and domestic fund managers competing across diverse strategies.
  • Private equity firms are increasingly targeting family-owned businesses for generational transitions, focusing on digital upgrades, talent acquisition, and market expansion.
  • Domestic fundraising has reached record levels, reflecting local investor confidence.

Sample Request Link: https://www.imarcgroup.com/spain-private-equity-market/requestsample

Market Growth Factors

Strong Economic Recovery and Supportive Policy Environment

The Spain private equity market is underpinned by solid economic fundamentals, with GDP growth outpacing broader European averages. The European Central Bank's monetary easing cycle has improved financing conditions, encouraging leveraged buyout transactions by reducing borrowing costs. Government initiatives through the Official Credit Institute and public vehicles such as Fond-ICO Global, Fond-ICO Next Tech, and Fond-ICO Pyme provide substantial support for digitalization, sustainability, and innovation, fostering business growth. Domestic private equity fundraising has reached record highs, reflecting ongoing confidence from institutional and private investors in the market's long-term prospects.

Digital Transformation Driving Technology Investments

Technology continues to be the leading sector for private equity investments in Spain, fueled by the digital transformation reshaping industries. Private equity funds recognize the long-term growth potential of technology-driven business models that enhance efficiency and generate new revenue streams. The IT sector commands the largest share of private equity investment volume, with numerous deals in software, fintech, and e-commerce platforms. Healthcare technology and digital health solutions have also become attractive subsectors, with private equity firms consolidating clinics, laboratories, and specialized care providers while fostering innovation in medical technology and pharmaceuticals.

Robust International Investor Interest

International private equity funds maintain strong interest in Spanish assets, attracted by appealing valuations and robust growth potential relative to other European countries. Spain's strategic geographic location offers access to both European and Latin American markets, boosting cross-border investment opportunities. Foreign capital accounts for the majority of investment volume in Spanish companies, indicating sustained trust from global investors. This international appetite combined with abundant liquidity held by global fund managers positions the market for further expansion as macroeconomic stability improves and geopolitical risks potentially ease.

Market Segmentation

Fund Type:

  • Buyout: Buyout leads the market with 38% share in 2025. It focuses on middle-market companies needing operational improvements and strategic repositioning, involving majority stakes in profitable sectors such as manufacturing, consumer products, healthcare, and industrial services. Buy-and-build approaches consolidate fragmented industries and drive economies of scale, reflecting confidence in Spain's business environment and potential for growth through operational enhancements and international expansion.
  • Venture Capital (VCs): Involves investments in technology-enabled businesses and startups, especially prevalent in regions like Eastern Spain with thriving technology clusters.
  • Real Estate
  • Infrastructure
  • Others

Regional Insights

The dominant region in the Spain private equity market is Central Spain, led by Madrid, the financial capital and headquarters for major private equity firms. This region benefits from a concentration of corporate headquarters, professional services, legal and financial advisory networks, and extensive deal flow. Central Spain leads in market activity, hosting large-cap transactions, fund formation, and cross-border investment coordination.

Northern Spain (Basque Country, Navarra, Cantabria, Asturias, Galicia) attracts investments due to its strong industrial manufacturing, family-owned enterprises, and automotive and machinery sectors.

Eastern Spain (Catalonia and Valencia) hosts a vibrant startup ecosystem and strong technology and healthcare clusters, focusing on venture capital and healthcare consolidation.

Southern Spain (Andalusia, Murcia, Extremadura) draws investments primarily in tourism, renewable energy infrastructure, and agribusiness, benefiting from abundant solar resources.

Recent Developments & News

  • In February 2024, GED Capital completed its third divestment from the GED V Spain fund by selling Procubitos Europe, a premium ice manufacturer and distributor, to Magnum Capital, exemplifying successful buy-and-build strategies.
  • In July 2024, Asterion Industrial Partners announced the first close of its third infrastructure fund at €1.5 Billion, targeting energy, telecommunications, and transport investments across five European countries, including Spain. The European Investment Bank Group invested €12.3 Billion in Spain in 2024, with over €7.2 Billion dedicated to climate action and environmental sustainability projects.

Key Players

  • GED Capital
  • Magnum Capital
  • Asterion Industrial Partners
  • European Investment Bank Group

Customization Note

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Request Customization:- https://www.imarcgroup.com/request?type=report&id=40843&flag=E

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No: (D) +91 120 433 0800

United States: +1-201971-6302