ABN Amro Capital has completed Spain's first secondary buy-out with the €30m ($37.5m) acquisition of Labiana Group, a contract services company for the pharmaceutical industry, from 3i.

3i led the initial management buy-out of Labiana in December 1999 when it acquired a 49% stake in the company with the remaining share capital held by Carlos Sanchez Canadell, Labiana's general manager, and Eberhard Friedrich Albrecht, one of Labiana's directors. Following the secondary buy-out, Sanchez Canadell retains a 33% stake in the company with the remainder held by ABN Amro Capital.