Auxo Firm Directory · Independent Research Profile

Oquendo Capital

Oquendo Capital focuses on senior and junior private credit for profitable, generalist-sector businesses in Spain, France, Italy, Portugal and selected Southern European markets. Its stated company range is €2 million to €40 million of EBITDA.

Key takeaway

What stands out about Oquendo Capital

Oquendo Capital is an independent private debt manager that provides senior and junior private-credit solutions, preferred equity and other instruments for acquisitions, growth, leveraged transactions and shareholder reorganizations. It targets companies with EBITDA between €2 million and €40 million across Spain, France, Italy, Portugal and selected other Southern European markets.[1][4][5][6]

What does Oquendo Capital invest in?

Oquendo Capital is an independent private debt manager founded in Madrid in 2007. Its legal entity is Oquendo Capital, SGEIC, S.A., which is identified with CNMV Registry number 133 and a registered address in Madrid.

Oquendo’s homepage reports more than €1.2 billion invested in more than 100 companies and seven funds.[1][2]

Oquendo provides senior and junior private-credit solutions across the capital structure and describes its approach as situation-agnostic. Its stated applications include leveraged buyouts, growth and shareholder restructurings.

The firm also provides preferred equity and debt instruments for family-owned businesses and financial investors seeking funds for acquisitions, growth and shareholder reorganizations. Oquendo states that it works with private equity funds, family businesses and minority shareholders, including shareholders seeking to increase equity ownership or acquire a majority interest.

Oquendo states that its investment process includes proactive due diligence and negotiation of legal documentation, with streamlined decision-making and quick, transparent feedback for investment opportunities.[1][4]

Owners comparing capital alternatives can review Auxo’s capital advisory services, valuation services, and full-versus-partial sale framework.

Public size / criteria information
Oquendo states that it works with companies with EBITDA between €2 million and €40 million. Senior-debt investments generally target companies with EBITDA starting at €5 million, with typical tickets of €5 million to €30 million. Flexible-capital and junior-debt tickets are typically between €5 million and €40 million, while Impulsa tickets are typically between €2 million and €5 million.[4]

What should a business owner evaluate before taking capital from Oquendo Capital?

Owners evaluating Oquendo can clarify whether the proposed solution would be senior debt, junior debt, preferred equity or another instrument, and how it would address an acquisition, growth requirement, refinancing or shareholder reorganization. Oquendo’s stated company range, generalist focus and Southern European geography provide the published parameters for that discussion.

For a specific proposal, an owner should request the applicable EBITDA and investment-size parameters, the proposed capital-stack position, the investment vehicle and the transaction terms. The official Evolutio announcement and RMT archive entry do not disclose key transaction terms for those examples, so those terms should be established directly for the proposed transaction.[1][4][5][6]

01

Which instrument and capital-stack position would Oquendo propose for the transaction

Oquendo states that it provides senior and junior private-credit solutions, preferred equity and other debt instruments across the capital structure.[1][4]
02

What EBITDA and investment-size parameters would apply to the specific Oquendo strategy

Oquendo publishes a general company EBITDA range and separate ticket parameters for senior debt, flexible capital, junior debt and Impulsa.[4]
03

What pricing, maturity, security package and other transaction terms would apply

The official Evolutio announcement does not disclose financing amount, pricing, maturity, security package or other transaction terms, and the official RMT archive entry does not disclose investment amount, instrument, pricing, maturity or other transaction terms.[5][6]

What investment criteria does Oquendo Capital publicly describe?

Oquendo has a generalist sector focus. It targets profitable businesses that are market leaders with committed shareholders and professional management teams.[4]

Oquendo states that it works with companies with EBITDA between €2 million and €40 million. Senior-debt investments generally target companies with EBITDA starting at €5 million and typically range from €5 million to €30 million in investment tickets. Flexible-capital and junior-debt investment tickets are typically between €5 million and €40 million, while Impulsa tickets are typically between €2 million and €5 million.[4]

Oquendo’s stated geographical scope is Spain, France, Italy and Portugal, with selective coverage of other Southern European markets.[4]

Oquendo announced that its investment in Evolutio was recognized as SpainCap’s Best Direct Lending Transaction in Spain for 2023 and identified Portobello Capital as the main shareholder.

Its 2022 archive lists an October 17, 2022 announcement that Oquendo joined RMT, a logistics provider of Inditex. Oquendo also provided mezzanine finance for L-GAM’s leveraged buyout of Grupo BC in 2016, while Oquendo II led an investment in Monbus as part of a company balance-sheet reorganization in 2014.[5][6][7][8]

Recent identified public activity includes the Evolutio investment recognition announcement and the October 2022 announcement concerning RMT. The official Evolutio announcement identifies the investment and award context but does not disclose the financing amount, pricing, maturity, security package or other transaction terms. The official 2022 archive entry for RMT identifies the company and announcement date but does not disclose the investment amount, instrument, pricing, maturity or other transaction terms.[5][6]

What is not clear from Oquendo Capital's public materials?

The official investment-strategy page displays selected-investment image placeholders but does not name the companies represented by those selected-investment images.

The official Evolutio announcement does not disclose the financing amount, pricing, maturity, security package or other transaction terms. The official 2022 archive entry for RMT does not disclose the investment amount, instrument, pricing, maturity or other transaction terms.[4][5][6]

Questions to ask before taking capital from Oquendo Capital

Which instrument and capital-stack position would Oquendo propose for the transaction?
Oquendo states that it provides senior and junior private-credit solutions, preferred equity and other debt instruments across the capital structure.[1][4]
What EBITDA and investment-size parameters would apply to the specific Oquendo strategy?
Oquendo publishes a general company EBITDA range and separate ticket parameters for senior debt, flexible capital, junior debt and Impulsa.[4]
What pricing, maturity, security package and other transaction terms would apply?
The official Evolutio announcement does not disclose financing amount, pricing, maturity, security package or other transaction terms, and the official RMT archive entry does not disclose investment amount, instrument, pricing, maturity or other transaction terms.[5][6]
Would the proposed transaction support an acquisition, growth requirement, leveraged buyout or shareholder reorganization?
Oquendo identifies acquisitions, growth, leveraged buyouts and shareholder restructurings among its stated investment applications.[1][4]
Which Oquendo fund or investment vehicle would make the investment?
Oquendo reports seven funds, and its responsible-investment materials state that certain funds are structured as SICAV-RAIF vehicles and promote environmental and social characteristics under Article 8 of SFDR.[1][9]

Sources & research notes

Public-source research
  1. Official website / firm overview
  2. Structure / regulatory context
  3. Structure / regulatory context
  4. Investment strategy
  5. Transaction / portfolio evidence
  6. Transaction / portfolio evidence
  7. Transaction / portfolio evidence
  8. Transaction / portfolio evidence
  9. Structure / regulatory context
Prepared and reviewed by: Auxo Capital AdvisorsEvidence standard: Public-source verification

How this profile was researched

Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.

Independent profile & regulatory context

Independent research profile

This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.

Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.

Broker-dealer and securities disclosure

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