MCH

What MCH does

MCH Private Equity is an independent Spanish private equity firm founded in 1998 and headquartered in Madrid, focused on the Iberian mid-market. Legally operating through MCH Private Equity Investments, SGEIC, S.A., the firm manages over €1.65 billion across nine fund vehicles, including the MCH Iberian Capital series (Funds I–V, ranging from €90M to €400M), the Spain-Oman SOPEF vehicles, SUA Fund II, AC Capital Premier II, and continuation fund vehicles. MCH invests majority and minority positions in companies with €5–50M EBITDA across three declared verticals: innovation and technology, food and agribusiness, and health, wellness and lifestyle. The portfolio spans more than twenty companies including Europastry (frozen dough, €1.3B revenue), Sanfil-GHC (Portuguese healthcare), Making Science, Fermax, Farmalíder, Avanta, Noucor, Molecor, Atrys and Logalty.

The firm's revenue model follows the standard closed-end private equity structure: recurring management fees (industry-typical 1.5–2% of committed/invested capital) on each fund vehicle plus performance-based carried interest (typically 20% above a preferred return hurdle) crystallized at exit. Deal sourcing is relationship-led, drawing on founder and partner networks with Iberian family-owned businesses, advisors, and co-investors (Ares Management, H.I.G. Capital, Nazca Capital, Moira Capital, Buenavista Equity Partners, CDTI/EIF). MCH differentiates through active board participation, ESG integration (SFDR Article 8 on Fund V), execution of buy-and-build strategies, and support for international expansion, primarily into Italy, Latin America, and selected Southern European markets. The team of approximately 30 professionals includes founding partners Jaime Hernández Soto (former SpainCap President) and José María Muñoz (Harvard MBA, ex-McKinsey), supported by senior partners, investment directors and a dedicated in-house legal, finance, IR and sustainability function.

Name

MCH

Legal name

MCH Private Equity Investments, SGEIC, S.A.

Website

http://mch.es/

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990)

SIC

Finance Services (6199), Investment Advice (6282)

akta.pro primary industry

Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF)

Keywords

• Private equity management
• Middle market investing
• Buyout investments
• Growth capital
• Fund management

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Management Fees: Private equity fund management fees typically charged as a percentage of assets under management (approximately 1.5-2% annually).
2. Carried Interest: Performance-based fees (carry) earned when investments generate returns above a specified hurdle rate, typically 20% of profits above the preferred return.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

MCH is an independent private equity firm that manages investment funds providing growth capital and active support to mid-market companies in Spain and Portugal. The firm acquires majority or minority equity positions in companies with EBITDA between €5-50 million across three primary sectors: innovation and technology, food and agribusiness, and health, wellness and lifestyle. MCH supports portfolio companies through board participation, strategic planning, M&A execution, governance professionalization, management team reinforcement, and international expansion support.

Product overview

MCH is an independent private equity firm that operates as an investment vehicle management company rather than a technology product company. The firm's primary offering consists of managing investment funds (private equity funds) that provide capital to mid-sized companies in Spain and Portugal. The managed funds include: MCH Iberian Capital Fund V (€400M), MCH Iberian Capital Fund IV (€350M), MCH Iberian Capital Fund III (€250M), MCH Iberian Capital Fund II (€160M), Fund I (€90M), SOPEF II (€100M), SOPEF I (€200M), Continuation Fund, SUA Fund II (€60M), and AC Capital Premier II (€110M). The funds target companies with EBITDA between €5-50 million across sectors including innovation and technology, food and agribusiness, and health, wellness and lifestyle. The firm does not offer software products, platforms, or technology services — all portfolio companies (Sanfil-GHC, Making Science, Fermax, Farmalíder, Active Hearing Group, Agrovin, Seabery, All for Padel, Avanta, Logalty, Noucor, Symborg, Atrys, Molecor, IPF, TCI Cutting, Europastry, and others) are independent companies in which MCH holds equity stakes.

Differentiator

Problem solved

Functional benefit

Brands

• MCH Iberian Capital Fund: Main fund series for investments in Spain and Portugal
• SOPEF
• Continuation Fund

Products and services

• MCH Iberian Capital Fund Primary flagship fund series providing equity capital to mid-market companies with EBITDA between €5-50 million in Spain and Portugal across sectors including innovation/technology, food/agribusiness, and health/wellness/lifestyle. Investees include Spanish and Portuguese companies.
• SOPEF (Spain Oman Private Equity Fund) Bilateral Spain-Oman private equity fund vehicle investing in Spanish mid-market companies. Two vintages raised to date across the SOPEF I and SOPEF II vehicles.
• AC Capital Premier II Private equity fund that raised €110 million in 2015 for investments in Spanish companies.
• SUA Fund II Private equity fund that raised €60 million in 2017 for investments in Spain and Portugal.
• MCH Continuation Fund Continuation fund vehicles that enable MCH to maintain its stake in portfolio companies beyond the original fund's life. MCH Continuation Fund II FICC supports MCH's continued investment in Europastry where it has been involved since 2011.

Named customers9 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and supporting.

• L3Harris TechnologiescoreTechnology or Integration · 1 April 2026Strategic partnership with Xoople to develop optical sensors for its planned satellite constellation. L3Harris is a US defense and space contractor.
• Addleshaw GoddardsupportingImplementation/ SI/ Consulting Partner · 1 April 2026Legal advisor to MCH Private Equity on the structuring and tax aspects of its new continuation fund, MCH Continuation Fund II FICC.
• GN HearingsupportingOthers · 1 June 2023Danish manufacturer that sold 100% of Portuguese hearing aid retailer AudiçãoActiva to MCH for €67 million, supporting GN's strategy to focus on being a key supplier to independent distributors.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Nazca Capital: Spanish private equity firm headquartered in Madrid, focused on growth-stage and mid-market investments across Spain. Closest comparable to MCH in geography, target company size, and sector breadth; co-invested with MCH in Xoople's $130M Series B.
• Portobello Capital: Madrid-based Spanish private equity firm investing in mid-market Spanish companies across consumer, industrial, and services sectors. Directly comparable to MCH on Iberian mid-market focus, fund size profile, and active operational approach.
• ProA Capital: Spanish private equity firm focused on mid-market buyouts in Spain and Portugal. Directly comparable to MCH in target company profile (€5-50M EBITDA), Iberian geography, and multi-sector generalist approach.
• Magnum Capital Industrial Partners: Spanish private equity firm specializing in mid-market industrial and consumer investments in Spain. Directly comparable to MCH on Iberian focus, mid-market segment, and active value creation approach with similar fund size profile.
• Buenavista Equity Partners: Spanish private equity firm focused on Iberian mid-market buyouts. Co-invested with MCH in Xoople's Series B; closely comparable in Iberian mid-market segment, generalist sector coverage, and ticket size.
• Moira Capital Partners: Madrid-based Spanish private equity firm with Iberian mid-market focus. Co-invested with MCH in Xcalibur Smart Mapping; directly comparable on geography, target company size, and active value-add approach.
• Corpfin Capital: Spanish private equity firm managing buyout funds focused on mid-market Spanish companies. Directly comparable to MCH on Iberian mid-market focus, multi-sector generalist strategy, and similar fund vintages.

Broad incumbents

• Ardian: Large European private investment house with significant Iberian mid-market activity through its Mid Cap Buyout team (where Pablo Monjardín of MCH previously worked). Comparable as a pan-European incumbent with overlapping Iberian mid-market exposure, though much larger and broader in scope.
• Intermediate Capital Group (ICG): Global alternative asset manager with substantial Iberian mid-market buyout activity through its ICG Enterprise Partners platform. Comparable as a broader incumbent operating in the same Iberian mid-market segment, though with a wider European/global mandate.

Regional players

• Diana Capital: Spanish private equity firm with Iberian mid-market focus (currently in wind-down/realization mode). Comparable on Iberian geography and mid-market segment though not directly competing for new deals; useful for understanding MCH's competitive set in Iberia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/MCHPrivateEquity
• LinkedInlinkedin.com/company/mch-private-equity

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A20 records

Investments25 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MCH