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M&A advisory in Barcelona
M&A advisory firm in Barcelona for mid-market deals.
Capittal is a Barcelona-based M&A boutique advising sell-side and buy-side transactions in the Spanish mid-market, with over 200 transactions advised representing more than €902 million in deal value. We cover the €2–50 million revenue range, combining deal negotiation, tax structuring and legal review within a single local team.
Capittal Transacciones, the M&A division of Navarro Tax & Legal · Barcelona · Reviewed by Samuel L. Navarro, Founding Partner · Last reviewed: August 2026
Services
M&A services in Barcelona
Company sale (sell-side)
We run the full process from Barcelona: EBITDA normalisation, valuation, information memorandum, outreach to domestic and international buyers, and negotiation through to closing. The partner who signs the mandate leads buyer meetings.
See the company sale serviceBusiness valuation
Independent valuation reports using comparable EBITDA multiples and discounted cash flow, for transactions, shareholder exits, succession and estate planning. Spanish mid-market multiples typically range from 4x to 8x EBITDA depending on sector and business quality.
See valuation multiples by sectorAcquisitions (buy-side)
Target search for Catalan and Spanish groups pursuing inorganic growth: identification, valuation, offer submission and negotiation.
See the acquisitions serviceDue diligence
Vendor due diligence and coordination of buyer-side review, anticipating contingencies before they reach the negotiating table.
See the due diligence serviceLegal and tax advisory on the transaction
Share purchase agreement, representations and warranties, tax structuring of the sale and treatment of the seller's capital gain. This is what determines how much of the price the seller actually keeps.
See the legal and tax service
Why Capittal
Why an integrated boutique in Catalonia?
Legal and tax teams are in-house, not outsourced.
In Spain, the tax structure of a sale affects net proceeds as much as the headline price: seller's personal income tax, the wealth tax exemption and the 95% reduction in inheritance and gift tax all depend on conditions that a poorly planned sale can break. We design the structure before negotiating, not afterwards.
Confidentiality in a tightly connected market.
The Catalan business community is dense and news travels. We work with blind teasers, seller-vetted buyer lists and staged data room disclosure.
The partner who signs the mandate executes it.
No handover to a junior team after signing.
Local presence, international reach.
Access to domestic and international private equity funds, European industrial groups and family offices already investing in Catalonia. 42% of our transactions are cross-border.
Sectors
Which mid-market sectors do we cover in Catalonia?
Our transactions concentrate in five sectors: industrial and family-owned manufacturing, food and distribution, professional services, healthcare, and technology. Recent transactions from our track record in these sectors:
Industrial
sale of 100% of an industrial technology company to a European industrial group (2024).
Food
sale of a foodservice group to a pan-European private equity fund with a three-year earn-out (2023).
Professional services
MBO of a B2B services company with structured bank financing (2023).
Healthcare
buy-side mandate for a clinical platform with four add-on acquisitions in 18 months (2024).
Technology
sale of an EdTech company to a European strategic buyer at 9.4x EBITDA (2022).
Transactions are published anonymised for confidentiality. See the full track record.
Family business
What changes when selling a Catalan family business?
Family-owned companies dominate Catalan M&A: most sell-side mandates involve founders without succession, or second and third-generation families. Three factors change the outcome:
Family business taxation.
The wealth tax exemption and the 95% inheritance and gift tax reduction depend on requirements that an unstructured sale can forfeit. Advance planning, sometimes one to two years ahead, affects net proceeds more than any price negotiation.
Family agreements and protocols.
These determine who may sell, to whom and under what conditions. They are reviewed before going to market.
Employment and brand continuity.
In Catalan family businesses this weighs as heavily as price, and is negotiated explicitly in the agreement.
Frequently asked questions
Selling a company in Barcelona and Catalonia.
Which M&A advisory firms operate in Barcelona?
Three tiers operate in Barcelona: Big Four transaction services and investment banks, covering deals above €50–100 million; national mid-market firms in the €20–100 million range; and integrated local boutiques such as Capittal, covering the €2–50 million Catalan mid-market where most transactions occur.
How do I choose an M&A advisor to sell a company in Spain?
Four criteria: closed transactions in your size range and sector, not references from deals ten times larger; in-house legal and tax capability, since Spanish tax structuring drives net proceeds; genuine access to domestic and international buyers; and a verifiable confidentiality protocol.
What EBITDA multiple will my Spanish company sell for?
The Spanish mid-market range is typically 4x to 8x normalised EBITDA, less net financial debt. Within each sector, revenue recurrence and management team autonomy explain most of the variation.
How long does it take to sell a company in Spain?
Seven to twelve months in the mid-market: six to ten weeks of preparation, two to three months of buyer outreach and indicative offers, and three to five months of due diligence and agreement negotiation.
Do you advise international buyers acquiring Spanish companies?
Yes. 42% of our transactions are cross-border, including sales to European industrial groups and pan-European private equity funds. We run buy-side mandates for international buyers and coordinate valuation, due diligence and the share purchase agreement under Spanish law from Barcelona.