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# Spain's Banco Santander Acquires 89.9% Stake in SME Credit Manager Tresmares Capital
- URL: https://www.theglobalbanker.com/santander-acquires-89-9-percent-tresmares-capital-sme-credit/
- Published: 2025-03-03T14:26:00.000Z
- Updated: 2026-10-02T14:36:58.000Z
- Description: Banco Santander has obtained regulatory approval to acquire an 89.9% stake in Tresmares Capital, a Madrid-based alternative financing and private equity platform.
- Author: TGB Editorial Team
- Tags: M&A, Europe, #archive

Banco Santander has obtained regulatory authorisation to acquire an 89.9% stake in Tresmares Capital, a Madrid-based alternative investment manager focused on lending to small and medium-sized enterprises, the bank said on 3 March 2025\. Tresmares manages about EUR 3.2 billion in investment commitments and aims to reach more than EUR 8 billion within five years.

Santander said the acquisition is one of the pillars of its growth strategy in alternative asset management, promoting private debt and funds of funds. 

#### ABOUT TRESMARES

Tresmares Capital, founded in 2020, is an alternative financing and private equity platform serving high-growth SMEs and private equity managers across Europe, and plans to launch fund-of-funds and fund-financing divisions in 2025\. 

Santander backed Tresmares's launch as an independent SME financing platform in December 2019.

The 89.9% stake leaves the remaining 10.1% with other shareholders. The precise terms of any earn-out or management incentive arrangements were not disclosed in the announcement.