Black Toro Capital

Black Toro Capital, established in 2011, was a private equity firm based in Barcelona, Spain. It focused on investing in mid-sized companies across various sectors, including aerospace, defense, infrastructure, luxury goods, and food products. The firm's strategy involved providing both equity and debt services to these companies, aiming to stabilize their financial situations and support their growth.

Ramon Betolaza

Managing Partner

Past deals in Catalonia

Gas Gas

Acquisition in 2016
Gas Gas, founded in 1985, has established itself as a prominent player in the off-road industry. Specializing in trial, enduro, and raids, the company has garnered numerous victories in national and international competitions. Acquired by Grupo Torrot Electric in 2016, Gas Gas has experienced a renaissance while retaining its identity as a manufacturer of off-road products. With a presence in over fifty countries across five continents, the Girona-based company offers a diverse range of high-quality products to cater to the needs of off-road enthusiasts worldwide. Through three decades of history and innovation, Gas Gas has maintained a strong reputation among its loyal fan base.

Irestal Group

Acquisition in 2015
Irestal Group, established in 1945, is a global stainless steel manufacturer and supplier. Based in Barcelona, Spain, with operations in several countries, the company produces and distributes a wide range of stainless steel products, including flat products like coils, sheets, and plates, as well as pipes, tubes, bars, and fittings. Irestal Group caters to diverse sectors such as chemical, pharmaceutical, food, automotive, and construction, offering customized cutting and finishing services. The company is committed to investing in technology and staff training to provide efficient, flexible, and dynamic customer service, positioning itself as a leading service center for stainless steel products.
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