Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

ICG ficha a Ramón Arocena para liderar su estrategia de 'mid market' en España

El directivo, que acumula una trayectoria de casi dos décadas en capital riesgo, era hasta ahora el número dos de la oficina de Advent International en Madrid. Leer

Original Spanish Read in English

ICG ficha a Ramón Arocena para liderar su estrategia de 'mid market' en España

Advent International's managing director, Ramón Arocena, has been appointed by British risk capital manager Intermediate Capital Group (ICG) to lead the company's mid-market strategy in Spain and Portugal, according to multiple market sources. Arocena will take over the role in January, succeeding the previous leader in charge of ICG's European mid-market fund.

This fund, known as ICG Europe Mid-Market Fund II, raised £3 billion in March 2025, more than triple the amount raised by its predecessor. ICG is known for its flexibility in investing through equity and/or subordinate debt instruments in both majority and minority stake acquisitions. The mid-market fund focuses on tickets ranging from €50 million to €250 million, as opposed to the larger €250 million to €1 billion range of its main strategy, which is led by Jaime Chocrón in Spain.

Arocena, who has spent nearly two decades in private equity, previously served as the second-in-command at Advent International's Madrid office. He joined Advent in 2008, moved to Peninsula Capital from 2015 to 2021, and returned to Advent in 2021. Arocena holds a degree in Administration and Management from Cuenf and a master's in corporate finance from UC Berkeley.

His professional experience includes working on deals like Seedtag, Maxam, Tinsa during his time at Advent, and Salto Systems and Galenicum during his tenure at Peninsula Capital.

Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

More in Finance & Markets

More from Tuesday 3 November →