About
Quiet confidence. Access. Judgment.
Delegado Capital is a Madrid-based boutique advisory firm focused on private-company acquisitions in Spain's lower middle market.
The firm combines legal, business and investment experience with a practical understanding of owner-led companies, succession dynamics and operator-led value creation.
Founded by Aitor Almendros, with experience across venture capital, corporate innovation, AI, business development and private markets.
Madrid
España
How we work
Discretion
Every conversation is private. We protect owner identities and investor mandates by default.
Judgment
We are sector-selective but not sector-constrained — quality and feasibility lead.
Disciplined execution
We commit only to opportunities where we can move with focus and accountability.
Conflict discipline
Conflict discipline
Delegado Capital defines its role clearly before each engagement. Where potential conflicts exist, we disclose them and agree the mandate structure before proceeding.