ICG recruits Ramón Arocena to lead its mid market strategy in Spain
The executive, who has a track record of almost two decades in private equity, was until now the number two in Advent International's Madrid office.
Ramón Arocena, a managing director at Advent International, is joining Intermediate Capital Group (ICG) as head of its mid-market strategy in Spain and Portugal. He will lead ICG's activity in Spain, specifically with the ICG Europe Mid-Market Fund II, which raised €3,000 million in March 2025. Arocena has nearly two decades of experience in private equity, previously working at Advent International, Peninsula Capital, and has a degree from Cunef and a master's from UC Berkeley. He will start at ICG in January.
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