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Nazca Capital

Nazca Capital

Madrid, Spain·Founded 2001··nazca.es

Nazca Capital is an independent Madrid-based private equity manager founded in 2001 that specialises in control buyouts and growth investments in Spanish lower and mid-market family-owned SMEs. Across more than 116 transactions since inception it has raised a family of buyout funds (Nazca I to IV and the Small Cap I and II vehicles) plus selective co-investment vehicles and a dedicated aerospace and defence fund, with over one billion euros of assets under management. It backs consumer, industrial, healthcare and business-services companies with sales of roughly 10 to 300 million euros through organic growth, buy-and-build and internationalisation.

AUM
€1.0B
Funds
7
vintages 2001–2025
Portfolio
8
Exits
11

Key facts

HQMadrid, Spain
Founded2001
Employees35+
Websitenazca.es

Recent exits

Diater
Diater
Pharma2023 · 4yr hold
Cinelux
Business Services2022 · 3yr hold
Distribuciones Juan Luna
Distribuciones Juan Luna
Consumer2022 · 6yr hold
Caiba
Industrials2021 · 5yr hold

Coverage notes

7 funds tracked, 19 portfolio companies (8 active · 11 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

19 companies
Consumer
5 · 26%
Industrials
4 · 21%
Healthcare
2 · 11%
Aerospace & Defence
1 · 5%
Telecom
1 · 5%
ClimateTech
1 · 5%
Business Services
1 · 5%
Pharma
1 · 5%

Funds & portfolio

Every fund Nazca Capital has raised, with its portfolio companies. Hand-checked from public filings.

7 funds
Nazca Aeroespacial y Defensa Innvierte IAerospace & Defence
2025 · 1yr2 active

Unrealized

2 held
PLD Space
PLD SpaceActive
Aerospace & DefenceSpain· Entry 2026
Teltronic
TeltronicActive
TelecomSpain· Entry 2025
Fondo Nazca Small Cap IISmall-Mid Buyout
2023 · 3yr2 active

Unrealized

2 held
ClimateTechSpain· Entry 2024
ConsumerSpain· Entry 2026
Fondo Nazca Small Cap ISmall-Mid BuyoutHarvesting
2019 · 7yr€150M2 active · 2 realized

Unrealized

2 held
HospitalitySpain· Entry 2019
Zunibal
ZunibalActive
IndustrialsSpain· Entry 2021

Realized

2 exits
CineluxExited 2022
Business ServicesSpain· Entry 2019
Diater
DiaterExited 2023
PharmaSpain· Entry 2019
Fondo Nazca IVBuyoutHarvesting
2016 · 10yr€300M2 active · 3 realized

Unrealized

2 held
Herbex
HerbexActive
ConsumerSpain· Entry 2018
Terratest
TerratestActive
ConstructionSpain· Entry 2018

Realized

3 exits
CaibaExited 2021
IndustrialsSpain· Entry 2016
Secondaryto
ConsumerSpain· Entry 2016
Trade Saleto
McBathExited 2020
IndustrialsSpain· Entry 2017
Trade Saleto
Nazca IIIBuyoutRealized
2008 · 18yr€230M0 active · 3 realized

Realized

3 exits
Agromillora
AgromilloraExited 2016
AgricultureSpain· Entry 2013
Secondaryto
Fritta
FrittaExited 2015
IndustrialsSpain· Entry 2013
Trade Saleto
Grupo IMO
Grupo IMOExited 2018
HealthcareSpain· Entry 2011
Trade Saleto
Nazca IIBuyoutRealized
2005 · 21yr€150M0 active · 1 realized

Realized

1 exit
Guzman GastronomiaExited 2011
ConsumerSpain· Entry 2005
Secondaryto
Nazca IBuyoutRealized
2001 · 25yr€100M0 active · 2 realized

Realized

2 exits
Rodilla
RodillaExited 2005
ConsumerSpain· Entry 2003
MBOto
SvensonExited 2006
HealthcareSpain· Entry 2002
Secondaryto
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Last updated August 2026 · Sourced from public filings · Report an issue