Cinven is once again considering opening an office in Spain after shelving plans to do so following the European sovereign debt crisis, according to one of the European buyout firm’s partners.

Cinven hired Jorge Quemada, a former partner in private equity firm 3i Group's Iberia team, in 2011 to lead a new team in Spain, but shelved plans to open an office there following the European sovereign debt and banking crises. The firm has since revived talks to potentially open an office in the country, according to Quemada, as Spain emerges from more than two years of recession.