José María Loizaga Viguri

José María Loizaga Viguri (9 May 1936 – 22 March 2020) was a Spanish businessman. He was a director and Vice President of ACS Group, and Vice President of Zardoya Otis, among other companies.

José María Loizaga Viguri
Born(1936-05-09)9 May 1936
Bilbao, Spain
Died22 March 2020(2020-03-22) (aged 83)
Known forVice President of ACS Group
Spouse(s)María Paz Jiménez Martínez


After graduating in Economics, Loizaga began his professional activity at Banco Vizcaya, where he held various executive positions. In 1968, he became CEO of Zardoya, which in 1972 merged with Schneider Otis. He subsequently assumed the leadership of Otis Elevator in Southern Europe (1972-1980), and was later appointed Vice President of Zardoya Otis.[1]

With the arrival of the eighties, Loizaga founded Banco Hispano Industrial (integrated in the BHA Group). In 1982, he became vice president of Banco Unión, and was also appointed CEO. Soon after, Banco Unión merged with Banco Urquijo. Loizaga remained in that entity until 1985, as Vice President of Banco Urquijo.[2] In 1985, he founded Mercapital Servicios Financieros, a group that he chaired (1985-2008). This company is considered the dean of Spanish venture capital. After merging with N + 1 (now Alantra), it continued to invest under the REA Industrial Portfolio. From 1989 until his death, he was part of the ACS Group Board of Directors.

He had been Chairman of Bodegas Lan and Bodegas Barón de Ley. Board Member of Banque Privée Edmond de Rothschild, Suez International, Otis International, AmorimInvestment, Lácteas García Baquero, Unión Fenosa,[3] Mecalux and President of the Hotel Portfolio. His extensive business career allowed him to be a direct witness and protagonist, of the development of Spanish capitalism from 1970 to 2020, both for his status as a director and as a private investor.[4]

Personal life and deathEdit

Loizaga was married to María Paz Jiménez Martínez, the couple had three children: Javier, Paz and Rebeca Loizaga Jiménez.[5] He died in Ciudad Real on 22 March 2020 from COVID-19, during the 2020 coronavirus pandemic in Spain.[6]


  1. ^ Redacción (22 March 2020). "Muere el vicepresidente de ACS José María Loizaga por el coronavirus". Cinco Días. Madrid. Retrieved 23 March 2020.
  2. ^ Redacción (22 March 2020). "Muere José María Loizaga, consejero de ACS, a los 84 años, víctima de coronavirus". Expansión. Madrid. Retrieved 23 March 2020.
  3. ^ Redacción (25 May 2006). "Fenosa refuerza la presencia gallega en el consejo con la entrada de Jove". Faro de Vigo. Vigo. Retrieved 23 March 2020.
  4. ^ H., C. (22 March 2020). "Muere José María Loizaga, fundador de Mercapital y pionero del capital riesgo: a los 84 años por coronavirus". El Confidencial. Madrid. Retrieved 23 March 2020.
  5. ^ "Esquela del Sr. D. José María Loizaga Viguri". ABC. Madrid. 23 March 2020. p. 54.
  6. ^ Muere José María Loizaga, consejero de ACS, a los 84 años, víctima de coronavirus (in Spanish)