Private equity and mezzanine debt

Oxy Capital provides capital to healthy South European SMEs, through minority and majority stake acquisitions, equity raises, and mezzanine debt financing, with a focus on the Portuguese market. The firm has supported numerous management teams in successfully achieving its growth plans or reorganizing shareholder structures, and is currently investing its third fund on the back of strong historical returns.



Producer and seller of tools for hard metal cutting with high added value and export focus, having won the COTEC award for the most innovative Portuguese SME in 2015 and 2021. Funds used in a Management Buyout operation.

Invested in January 2016.
Funds used in a Management Buyout operation.
Successful exit in December 2021.


The Digital Invoice Company provides solutions for electronic document and e-invoice exchange, assuming a leading position in the Portuguese market. The company is also a global reference concerning the Eletronic Bill Presentment market. The group is present in various geographies with subsidiaries in Brazil and Colombia.

Invested in March 2019.
Funds used in the acquisition of a stake in the company and to support management buyout.
Successful exit in October 2021.


Company dedicated to the extrusion and surface treatment of aluminium profiles, targeting the construction, gardening and industry sectors. Direct and indirect exports of approximately 70%.

Invested in January 2018.
Funds used in the acquisition of a stake in the company.
Successful exit in December 2019.

Fitness Hut

Gym operator leader in Portugal, founded in 2011, being the country’s first Premium Low-Cost chain. Initial investment in July 2014, and subsequent investment in Abril 2016. 

Funds used allowed the company to almost quadruple its number of clubs, from 7 to 26, in three years.

The expansion plan remains ambitious.
Successful exit in January 2018.