Pangea Propulsion and Oakley Capital were recognized on Monday at the 13th edition of the ACG Spain Awards 2025, annual accolades that celebrate the most significant corporate transactions in the Spanish market. The ceremony, held at Esade Barcelona and sponsored by BBVA, brought together entrepreneurs, executives, investors and advisors specializing in corporate growth and mergers and acquisitions.
The ACG Spain Award for Best Mid-Market Corporate Transaction, which recognizes deals valued at less than €50 million, was presented to Pangea Propulsion for its €23 million funding round involving Hyperion Fund, CDTI Innvierte, Primo Space and André-Hubert Roussel.
The other finalists in this category were Qida, for its €37 million funding round led by Quadrille, Asabys and Cofides, and SPW Fabrics, for its acquisition of Italian company MITI.
The award was accepted by Adrià Argemí, CEO and co-founder of Pangea Propulsion.
The ACG Spain Award for Best Large-Cap Corporate Transaction, which recognizes deals valued at more than €50 million, was presented to Oakley Capital for the sale of vLex to Clio.
The other finalists in this category were Advent, for the sale of DonteGroup to OTPP, and Familia Benito, for Carlyle’s investment in SEIDOR.
The award was accepted by Martin Eyries on behalf of Oakley Capital.
Recognition for Carlos Muñoz
The ceremony featured a keynote address by Genís Roca, entrepreneur, innovator and university professor, who shared his views on the challenges and opportunities that technological transformation presents for companies and organizations.
One of the highlights of the event was the presentation of the Lifetime Achievement Award to Carlos Muñoz, founder of Vueling and founder and CEO of Volotea, in recognition of his contribution to the development of the aviation industry and the creation of some of the most significant business projects in Spanish aviation over the last decades.
The event was opened by Merche Grau, President of ACG Spain, and Antonio Delgado, Secretary General of Esade. Merche Grau emphasized that “corporate transactions are a fundamental tool for driving business growth, enhancing competitiveness and creating new development opportunities,” while Antonio Delgado highlighted that “collaboration between business, talent and knowledge is key” to addressing the transformation challenges that will shape the future of organizations.
The closing remarks were delivered by Xavier Grau, Head of Corporate Banking for Catalonia at BBVA, who stated that “companies face major challenges such as the need to achieve scale, internationalize their operations and incorporate artificial intelligence,” adding that “corporate transactions are a key tool for driving growth, competitiveness and value creation.” Xavier Grau also noted that “BBVA remains firmly committed to supporting the business community, accompanying companies at the most decisive moments of their journey.”
About ACG
Founded in 1954, ACG (Association for Corporate Growth) is the world’s largest community of entrepreneurs and professionals focused on corporate growth.
Today, it connects more than 15,000 members through 61 chapters across all continents, with the mission of fostering the growth of both its members and the corporations they represent. ACG Spain was established in 2010 and currently brings together more than 230 members, making it the largest chapter in Europe.
About BBVA
BBVA is a global financial group founded in 1857. The bank operates in more than 25 countries, holds a leading position in the Spanish market, is the largest financial institution in Mexico, and has leading franchises across South America and Turkey.
Through its activities, BBVA contributes to the progress and well-being of all its stakeholders, including shareholders, customers, employees, suppliers and society as a whole. BBVA supports families, entrepreneurs and businesses in achieving their future goals, helping them seize the opportunities offered by innovation and sustainability. The bank also provides customers with a differentiated value proposition powered by technology and data, helping them improve their financial health through personalized insights that support better financial decision-making.