Negratín welcomes TiLT Capital Partners as a shareholder to accelerate its growth strategy

Negratín Global Services, a global group specialized in comprehensive solutions for the energy sector, announces the incorporation of TiLT Capital Partners into its shareholding structure, alongside Swen Capital Partners, through its European multi-manager Private Equity strategy. With TiLT Capital Partners acquiring a 38% stake, Negratín enters a new phase of growth in a particularly favorable context for the renewable energy sector.

For Negratín, this move represents a qualitative leap that will enable the company to take on larger-scale projects as a general contractor, significantly accelerate the construction of its own photovoltaic plants, and advance its international expansion. Since its founding in Pozo Alcón (Jaén) in 1998 by Ángel and Celedonio Noguera—who remain the majority shareholders and serve as Chairman and Vice Chairman, respectively—Negratín has evolved from a subcontractor into a main contractor in solar projects, designing and building facilities for top-tier clients across Europe, Asia, and the Americas. Notably, in Colombia, a key market, Negratín has operated as an independent renewable energy producer since 2022.

Today, Negratín employs over 500 professionals worldwide and has delivered more than 4.5 GW of renewable energy capacity, including 1,135 MW in Spain, its primary market. In 2024, the company surpassed €100 million in activity for the first time.

In a rapidly evolving solar market that increasingly demands players capable of covering the entire value chain, Negratín is committed to maintaining—and accelerating—its growth trajectory.

Celedonio Noguera, Vice President of Negratín:
“Welcoming TiLT Capital Partners is a natural evolution that allows us to secure the group’s growth alongside a partner who shares our goals and vision for the energy transition. Negratín has delivered over 4.5 GW in energy projects, and our aim is to expand even further with TiLT Capital by our side.”

Nathanaël Krivine, Founding Partner and CEO of TiLT Capital Partners:
“Negratín builds on solid industrial expertise and a remarkable growth track record. By expanding its model to include the production and operation of solar plants, the company is taking a strategic step that we are proud to support. We were convinced by the founders’ vision, the quality of the management team, and the company’s strong positioning in the international solar market. This investment is fully aligned with TiLT’s strategy to support players capable of combining operational excellence with value creation across the entire energy chain.”

Natalia Rey Vidal, Investment Director at SWEN CP:
“We are pleased to support Negratín alongside TiLT in this new stage of development. The company has established itself as a key player in the solar sector in Europe and Latin America, with proven capabilities across the full value chain. This investment perfectly reflects our Private Equity strategy: backing partners who combine industrial ambition, local roots, and a tangible contribution to the energy transition.”