Private Equity and Job Creation (SpainCap (ex-ASCRI))

Summary

• Private capital entities managed €43.629 million across 3.012 Spanish portfolio companies in 2021.p.8
• Employment in portfolio companies increased by 6,4% in 2021, creating 29.157 jobs and reaching 481.334 total workers.p.8
• Venture Capital portfolio companies expanded their workforce by 49,6%, adding 26.658 employees.p.10
• Private Equity portfolio companies recorded a workforce growth of 0,6%, reaching a total of 400.956 workers.p.16
• Average salary in analyzed portfolio companies reached €27.191, representing an +8,05% premium over the national average of €25.166 in 2020.p.11
• Small and medium-sized enterprises (SMEs) represent approximately 90% of all companies backed by private capital in Spain.p.8

Key insights

1. Venture Capital portfolio companies led overall job creation with a 49,6% increase in workforce during 2021.p.10
2. Companies in the Other early stage phase recorded a 103,2% growth in employment, adding 22.466 workers across 298 startups.p.17
3. Private Equity portfolio companies focused on preserving business continuity, achieving 0,6% workforce growth.p.16
4. Energy and Natural Resources experienced the highest sector employment growth at 45,3%, reaching 57.522 workers.p.18
5. Information Technology companies expanded employment by 24,1% to 34.847 employees across 1.014 companies.p.18
6. The Community of Madrid concentrated 220.272 workers, representing 45,8% of total portfolio employment.p.21
7. Catalonia accounted for 67.697 workers across 640 companies with a 6,9% growth in new jobs.p.21