Fostering Business Growth

We identify high-potential companies and develop tailored investment opportunities that generate long-term value.

Fostering Business Growth

We identify high-potential companies and develop tailored investment opportunities that generate long-term value.

Our focus

We invest in essential services across sectors with favorable market dynamics and resilience.

  • Size

EBITDA starting at €15 million for strategic investments and ranging from €1 million to €20 million for consolidation initiatives.

  • Thematic

Essential services in structurally attractive or resilient sectors.

  • Quality

High-performing companies with competitive advantages and significant growth potential.

  • Geographic

Spanish and Portuguese companies.

Investment types

Tailored investment strategy based on each company’s maturity and growth ambition.

Strategic investments

  • Mid-market companies transitioning with strong value creation potential.
  • EBITDA starting at €15 million.
  • Focus on minority stakes to drive growth without altering control.

Add-ons

  • Consolidation opportunities leveraging growth synergies and scale.
  • EBITDA between €2 million and €20 million.
  • Focus on majority stakes to strengthen and expand existing investments of our international partners.

Emerging platforms

  • Building and expanding buy-and-build platforms in fragmented sectors.
  • EBITDA between €1 million and €4 million.
  • Focus on majority stakes with structures that allow stakeholders to benefit from future value creation.

Sectors of interest

We focus on essential services driven by trends such as digital transformation, decarbonization, an aging population, and specialized outsourcing.

Man Delivering ParcelsSoftware & Digital

  • Vertical Software as a Service (SaaS)
  • Data & analytics platforms
  • Digital marketplaces
  • Payments & Fintech

 

Man Delivering ParcelsAdvisory services

  • Professional services: IT services, consulting, accounting, tax, legal, HR
  • Tech-enabled outsourcing: business, knowledge or legal process outsourcing (BPO, KPO, LPO), revenue cycle management (RCM)
  • Agencies: marketing, communications
  • Testing, inspection, certification & compliance (TICC)
  • Financial services: insurance brokerage, wealth management, fund services
  • Real estate services: administration, appraisal, servicing

Man Delivering ParcelsKnowledge & Lifestyle

  • Education: private schools, vocational training, higher education
  • Events & experiences
  • Travel, hospitality & mobility
  • Leisure & sports
  • Wellness & beauty

 

Man Delivering ParcelsIndustrial services

  • Specialty ingredients
  • Maintenance, repair & operations (MRO)
  • Facility and equipment management
  • Consumables
  • Environmental services

 

Man Delivering ParcelsHealth services & solutions

  • Contract development & manufacturing (CDMO, CMO)
  • Contract research (CRO)
  • Specialized laboratories
  • Medtech
  • Diagnostics

 

Key characteristics we seek

We prioritize companies with strong business fundamentals and sustainable competitive advantages.

  • Structural growth: Expanding markets with low cyclicality.
  • Barriers to entry: Niche sectors with limited competition.
  • Leadership: Market leaders or disruptive challengers.
  • Mission-critical: High customer ROI and pricing power.
  • Recurrent revenue: Strong customer retention.
  • Diversification: Balanced customer and supplier bases.
  • Performance: High growth, margins, cash conversion, and return on capital employed.
  • Scalability: Opportunities for consolidation, expansion, or network effects.
  • Human capital: Ambitious and exceptional team.
  • ESG: Commitment to responsible impact and sustainability.