- The fund focuses on the low/mid-market segment, targeting key sectors such as healthcare, industry, services, and food, with potential for implementing qualitative improvements, particularly related to digitalisation and generative AI
- This investment vehicle aims to acquire majority stakes in Spanish companies with high growth and internationalisation potential, as well as the ability to lead sector consolidation through a buy & build strategy
- B/Buyout III will expand its portfolio to between 8 and 10 platform investments, with an average ticket size of €25 to €30 million, and will have greater capacity to undertake add-on acquisitions to drive growth
Madrid, 9 July 2025
Buenavista Equity Partners, an independent management firm founded in 1996 and operating in the middle-market segment, has announced the launch of its new fund, B/Buyout III, with a target size of €250 million.
This fund aims to identify and drive the growth of Spanish companies with high potential by acquiring majority stakes in businesses well positioned to lead sector consolidation processes. Conceived as a strategic vehicle with a pan-European presence, B/Buyout III seeks to create strong, sustainable platforms capable of competing on an international scale.
Building on the approach that has driven the success of its two predecessors, B/Buyout III increases its scale to achieve a more diversified portfolio -comprising 8 to 10 investments- and greater capacity for add-on acquisitions. In addition, the average investment ticket is expected to range between €25 and €30 million. This evolution will enable portfolio companies to scale and further professionalise, accelerating growth through team development, process digitalisation, adoption of AI, and enhanced innovation capabilities, with the ultimate goal of maximising value in highly competitive divestment processes.
The fund is positioned in the low/mid-market segment, where Buenavista Equity Partners has demonstrated a strong ability to originate proprietary transactions and generate differentiated value. Staying true to its buy & build strategy, B/Buyout III will continue to drive inorganic growth as a key value creation lever, supported by the experience accumulated in previous funds, which together have completed 44 add-on transactions.
The strategy is focused on companies with high scalability potential, operating in resilient and strategic sectors such as healthcare, industry, services, and the food industry. In fact, Buenavista has 29 years of experience in these areas, in addition to a team that collectively brings over 250 years of private equity expertise.
The fund will be managed by the same Buyout team that has successfully led previous investments, delivering strong and sustained returns. The team now also includes a recently appointed CTO, focused on implementing technological improvements across the portfolio companies. In addition, B/Buyout III will benefit from a significant commitment from both the management team and the firm itself, further strengthening full alignment of interests with investors.
According to Enrique Centelles Satrústegui, Head of Private Equity at Buenavista Equity Partners: “At Buenavista, we believe this is a particularly attractive time to invest in private equity in Spain. We are seeing clear signs of economic growth, interest rates are reasonably stable, and many quality companies that have been waiting for the right moment may come to market at attractive valuations. All of this creates a real window of opportunity to generate value.”
