The management team of Intermoney Capital, the private equity arm of Grupo CIMD, has completed a management buyout (MBO) through which they have taken control of the firm, which has been renamed Merus Capital to operate independently.
Merus Capital emerges as the natural evolution of a consolidated track record in alternative investment and asset management.
Founded in 2019 as a business unit within Grupo CIMD (Intermoney), the firm was established in 2024 as Intermoney Capital SGEIC S.A. and became an independent management company in 2025 when the management team acquired Grupo CIMD’s stake.
The experience accumulated over the years, together with the team’s deep market knowledge, has driven the creation of a standalone brand that is clearer, more specialized, and fully aligned with our investors.
Merus, which retains its full management and investment team, currently manages two funds focused on renewable generation and storage, with a total value of €130 million: Lynx Renovables Iberia and Ilex Renovables 2. At the same time, the firm is pursuing a new investment strategy with the launch of a third growth equity fund, Langre Tech Growth, with a target size of €50 million.
This new vehicle focuses on acquiring majority or minority stakes with control in already established technology or digital companies, with an EBITDA of up to €3 million, with the goal of supporting them through their next phase of growth.
"We are extremely grateful to Grupo CIMD and its management team for the trust and support they have provided over all these years, during which we have built a solid project, assembled a top-tier team, and established a clear culture, always aligned with our investors," said Pablo Goizueta, Managing Partner of Merus Capital.
For his part, Íñigo Bilbao, Managing Partner, emphasizes that "this new stage allows us to develop this project with greater autonomy and scale. We remain focused on identifying market gaps where there are differentiated investment opportunities in energy and technology, keeping independence and rigor as core values, and always acting in the best interest of our investors."
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