A hybrid private equity fund purpose-built for Spain's generational shift in family business. We acquire, professionalize, and transform SMEs facing succession challenges.
A demographic wave is reshaping Spain's economic landscape. Thousands of profitable, established businesses are searching for a successor — not because they're failing, but because their founders are retiring without a clear path forward. Mestral was built precisely for this moment.
We identify profitable, established SMEs — companies with real revenues, loyal customers, and operational track records — that are undervalued due to succession circumstances, not fundamental weakness.
Then we transform them. We deploy our squad teams, digital capabilities, and operational expertise to professionalize, modernize, and scale each business — creating companies that command premium exits.
Full investment thesisWe target profitable SMEs with €1–5M EBITDA, led by owners approaching retirement without a clear successor. We offer fair valuations, legacy continuity, and a structured transition that works for founders and families.
We embed operational squads within each company — covering finance, commercial, digital, and AI. We turn traditional, founder-dependent businesses into modern, scalable platforms with professional governance.
We sell professionalized, data-driven companies to strategic acquirers or larger PE funds — typically at significantly higher multiples than entry. Target exits between years 4 and 7.
ERP modernization, CRM implementation, AI-powered automation, and data-driven decision making — executed through our Risetech operational partnership.
Process reengineering, supply chain optimization, cost structure improvements, and the professionalization of management layers across the organization.
Geographic expansion, new sales channels, digital marketing, portfolio diversification, and customer base growth beyond the founding region.
Intelligent capital structure, rigorous management reporting, KPI culture, and access to institutional financing previously unavailable to family businesses.
Corporate governance frameworks, talent acquisition, board formation, ESG integration, and succession-proof management structures built to outlast any individual.
A closed-end private equity fund structured as a Fondo de Capital Riesgo (FCRE) under Spanish Law 22/2014 and AIFM Directive. Regulated and supervised by the CNMV. Targeting qualified institutional and professional investors.
Regulated under Spanish Law 22/2014 (FCRE) and AIFM Directive. For qualified and professional investors only. Past performance does not guarantee future results. This is not an offer to invest.
25+ years in venture capital and entrepreneurship. Former partner at Entrée Capital and co-founder of Nekko Capital. Board member of Glovo. International executive training at Harvard Business School and Stanford.
Serial entrepreneur and investor. Founded Bemobile, a leading digital innovation consultancy sold to institutional private equity. Founder of Farside Ventures. Angel investor in Glovo, Nautal, Smadex, and Quantion.
Founder of Rise Solutions, co-founder of Nuclio Digital School. 13+ years specializing in SME digitalization, AI implementation, and operational transformation. Board member of Hofmann Culinary.
Access a differentiated alternative asset class with strong return potential and meaningful positive impact on Spain's business fabric. Minimum commitment: €100,000.
Investor Inquiry →We offer a respectful, structured transition that preserves your company's legacy, protects your team, and gives your business the resources to continue growing.
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