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EITB DATA
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The funds have grown and are already in 10% of Basque companies

According to EITB Data, 209 companies in the Basque Country and Navarre are privately owned, mostly state-owned.

EITB Data has shown that the growthof private capital in recent years contrasts with the limited impact of  on Basque companies. Only 10% of Basque companies with more than 50 employees have an investment fund (at least) among their shareholders.

A total of 209 companies in the Basque Country and Navarre participate in the funds, of which 166 are in the Basque Autonomous Community and 43 in Navarre. These figures show that, despite the growth of the sector, the business fabric remains mainly of its own capital.

In fact, more than 80% of Basque companies have independent ownership structures without an investment fund.

In addition, EITB Data clarifies that foreign participation is still low. Eight out of ten companies participating in the funds are state-owned, while international funds eta account for less than 20% and are less than 20% in management.

The profile of companies that attract this type of investment is clear: industrial enterprises and advanced services, with growth needs, generational relay processes and high-potential projects.

According to the report, these companies have a higheraverage turnover than independent companies , which is why the funds are accumulated in larger, value-added businesses.

Despite its limited influence, private capital plays an important role in key business momentssuch as expansion, reorganization and consolidation.

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