Pangea Propulsion and Oakley Capital were recognized this Monday at the 13th edition of the ACG Spain Awards 2025, an annual ceremony that honors the most significant corporate transactions in the Spanish market. The event, held at ESADE Barcelona and sponsored by BBVA, brought together entrepreneurs, executives, investors, and advisors specialized in corporate growth and mergers and acquisitions.
The ACG Spain Award for Best Mid-Market Corporate Transaction, a category covering deals valued at under €50 million, was awarded to Pangea Propulsion for its €23 million funding round with Hyperion Fund, CDTI Innvierte, Primo Space, and André-Hubert Roussel.
The other finalists in this category were Qida, for its €37 million round led by Quadrille, Asabys, and Cofides, and SPW Fabrics, for the acquisition of Italy’s MITI.
The award was collected by Adrià Argemí, CEO and cofounder of Pangea Propulsion.
The ACG Spain Award for Best Large-Cap Corporate Transaction, aimed at deals valued above €50 million, went 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 collected by Martin Eyries on behalf of Oakley Capital.
Recognition for Carlos Muñoz
The ceremony featured a keynote speech by Genís Roca, entrepreneur, innovator, and university professor, who shared his vision on the challenges and opportunities of technological transformation 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 sector and to some of the most significant airline ventures in recent decades in Spain.
The institutional opening was led by Merche Grau, President of ACG Spain, and Antonio Delgado, Secretary General of ESADE. Merche Grau highlighted that “corporate transactions are a fundamental tool to drive business growth, enhance competitiveness, and generate new development opportunities,” while Antonio Delgado emphasized 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, Director of Companies at BBVA in Catalonia, who stated that “companies face major challenges such as the need to achieve scale, internationalization, and the incorporation of artificial intelligence,” adding that “corporate transactions are a key tool to drive growth, competitiveness, and value creation.” He also reaffirmed that “BBVA maintains a strong commitment to the business ecosystem, supporting companies at critical moments in their development.”
About ACG
ACG (Association for Corporate Growth) has been, since its founding in 1954, the world’s largest global community of business leaders and professionals focused on corporate growth.
It currently connects more than 15,000 members across 61 chapters worldwide, with the aim of fostering the growth of both its members and the corporations they belong to. ACG Spain was established in 2010 and today has more than 230 members, making it the largest chapter in Europe.
About BBVA
BBVA is a global financial group founded in 1857. The institution 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 in South America and Turkey.
Through its activity, BBVA contributes to the progress and well-being of all its stakeholders: shareholders, customers, employees, suppliers, and society as a whole. In this regard, BBVA supports families, entrepreneurs, and companies in their future plans and helps them take advantage of the opportunities offered by innovation and sustainability. BBVA also offers its clients a differentiated value proposition, leveraging technology and data, helping them improve their financial health through personalized financial decision-making information
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