Oquendo Capital
CALLE MARÍA DE MOLINA, 40, 4ª C, MADRID, M, 28006, SPAIN
Overview
Oquendo is an independent firm specialized in structuring mezzanine financing and preferred capital for small and medium companies in Spain and Portugal. Oquendo provide a wide range of instruments targeted at financing acquisitions and other corporate situations such as shareholder reorganizations, capital expenditure and debt restructurings.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 4
Investment portfolio
- Synergym
Participated · Equity · Nov 2025
Founded in 2013, Synergym runs a network of affordable, flexible-pricing fitness clubs positioned throughout Spain. The company has expanded from 24 initial gyms to 148 today and aims to reach 160 locations by year-end and 210 by 2026. Its value proposition focuses on quality facilities, innovative services and accessible prices, a combination that has attracted more than 300,000 members and a workforce exceeding 1,000 employees. Management expects to finish the year with revenues above €70 million and EBITDA greater than €25 million after already surpassing €50 million in income by the third quarter. Majority founders Sergey Miteyko and Leonard Lvovich reinvest all profits back into growth and retain control of the business. Synergym’s shareholder base also includes international investors All Seas Capital, Oxy Capital and Growth Partner, whose backing has reinforced the company’s national expansion ambitions.