Wealthy individuals are increasingly investing in Spanish industrial companies through venture capital, which has shown significant growth in recent years.
In Spain, venture capital has been on the rise, with wealthy families increasingly participating in corporate acquisitions of industrial firms such as Talgo, Palacios, Hijolusa, and Uvesco. These investment companies, often established by affluent families, now play a crucial role in securing significant stakes—between 10% and 20%—in various transactions. Their involvement has introduced a new dynamic into the Spanish investment landscape, marking a shift from traditional investment banking-driven models.
The influence of large American investment firms like Blackstone, KKR, and Apollo, as well as European players such as EQT and CVC, has been significant in steering corporate acquisitions in Spain. However, the emergence of wealth management societies (SCR) has added a layer of complexity, with their growth since 2018 reflecting a burgeoning interest from high-net-worth individuals in the industrial sector. Participating in these acquisitions has allowed families to diversify their investments amid a competitive economic environment.
Over the past twelve years, the assets managed by these SCR firms have quadrupled, now exceeding 50 billion euros. This substantial capital influx indicates a robust commitment by wealthy individuals to engage in corporate equity markets. Not only does this trend enhance the financial capacity of Spanish industry, but it also reshapes the corporate governance dynamics as wealthy families increasingly influence decisions made in key industries, positioning themselves as critical players in shaping the future of Spain's economy.
