Minerva Capital SL

Investor type

PE / VC

Founded

2004

AUM

-

Location

Madrid, Madrid, Spain

Investment Ticket

$10-50 m

Investment Stage

Series B Late Stage (Series C+)

Region of investment

Europe
Investor profile last updated: 14 August, 2026

Profile

Minerva Capital SL is a private investment firm based in Madrid, Spain, known for its focus on investing noninstitutional capital in businesses with strong potential for sustainable long-term value. Founded by industry veterans with over 40 years of combined experience, the firm operates with a unique model in the Spanish lower-middle market, providing flexible and patient capital. The firm's leadership team includes David N. Bendel, a former financial manager at Coats Viyella and head of Rothschild Group’s private equity in Europe, and Peter S. Bendel, who started in corporate finance at Investec Investment Bank.

Minerva Capital focuses on small and medium-sized enterprises (SMEs) in Spain, executing control buyouts, management buy-ins, and buy-outs, with equity investments typically ranging from €1 million to €10 million. The firm operates across various industries and places emphasis on companies that are profitable, have strong cash flow, and possess proprietary intellectual property. Minerva's strategy involves adding value through hands-on involvement, facilitating transitions from family ownership, and supporting international growth efforts.

Notable portfolio companies include Premo S.L, among others. Minerva Capital's investment strategy prioritizes building for the future through a patient approach and significant flexibility in investment structuring, offering a compelling alternative to traditional private equity.

Industry

Healthcare Services Fintech Financial Services Technology Software Industrial Electronics Consumer Products Business Services (B2B)

Contacts

Name
Title
Email
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Alfonso Lopez-Quesada Bros Founding Partner
Founding Partner
a•••@•••
avatar
David N. Bendel Managing Partner
Managing Partner
d•••@•••
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Investment-team contacts for Minerva Capital SL — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Minerva Capital SL

Minerva Capital SL is a venture capital and private equity firm. It backs companies at Series B and Late Stage (Series C+), writing tickets of $10-50 m.
Minerva Capital SL is located in Madrid, Madrid, Spain.
Minerva Capital SL was founded in 2004.
Minerva Capital SL invests in companies and startups in Healthcare Services, Fintech, Financial Services, Technology, Software, Industrial, Electronics, Consumer Products, Business Services (B2B).
Minerva Capital SL invests in companies and startups in Europe.
Minerva Capital SL invests in companies and startups at Series B, Late Stage (Series C+).
Minerva Capital SL usually invests $10-50 m on average.
Minerva Capital SL can be reached through its website minervacapital.es. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Minerva Capital SL — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Minerva Capital SL directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 14 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.