Nuzoa Amplifies PAI Partners' Footprint in Iberian Animal Health Sector
Deal News | Aug 20, 2025 | Finance Community ES 2 - Corporate M&A

In a strategic move to expand its presence in the animal health sector, PAI Partners has acquired Nuzoa, the leading animal health platform in the Iberian Peninsula, from Abac Capital. The acquisition was facilitated by Lincoln International and executed through a competitive process. Established in 2020, Nuzoa serves a diverse clientele of 17,000 veterinarians, livestock owners, and pet retailers. It provides an extensive array of products and services, including pharmaceuticals, equipment, pet food, and accessories. The company also boasts a robust logistical network throughout Spain and offers digital tools and lab services for veterinary clinics. Nuzoa’s growth trajectory has been bolstered by sectoral trends like increasing pet ownership and rising expenditures on pet health and wellness. This acquisition not only enhances PAI’s leadership in the Iberian market but also positions Nuzoa for potential international growth. On the other hand, Abac Capital remains committed to investing in medium-sized companies with high growth potential, reinforcing its long-term value creation strategy. Iñigo González de Castejón, Managing Director at Lincoln International, highlighted the opportunity for Nuzoa to expand into a pan-European platform with PAI’s support.
Sectors
- Animal Health
- Private Equity
Geography
- Iberian Peninsula – Nuzoa, the target company, is described as the leader in animal health in the Iberian Peninsula, making this geography relevant.
- Spain – Nuzoa operates a comprehensive logistics network throughout Spain, underscoring the geographical relevance.
Industry
- Animal Health – The article discusses the acquisition of Nuzoa, a leading platform in the animal health sector, indicating its relevance to this industry.
- Private Equity – The involvement of PAI Partners, a private equity firm, in acquiring Nuzoa highlights the role of private equity in this transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nuzoa | Target Company | Company | Founded in 2020, Nuzoa is a comprehensive animal health platform serving various clients across the Iberian Peninsula. |
| Abac Capital | Selling Company | Company | Abac Capital owned Nuzoa before selling it to PAI Partners. |
| PAI Partners | Bidding Company | Company | A private equity firm acquiring Nuzoa to expand its presence in the animal health sector. |
| Lincoln International | Financial Advisor | Company | Advised PAI Partners in the acquisition of Nuzoa. |
| Iñigo González de Castejón | Director General | Person | Managing Director at Lincoln International responsible for the transaction. |