Portobello Capital’s priority is to maximize value for its investors and partners.

At Portobello Capital we systematically identify asymmetric deals:

• Broken deals.
• Misaligned stakeholders.
• Complex situations.

We invest in companies with growth unrelated to Macro and with the following investment criteria:

• Leading companies in underpenetrated market niches, defensive with non-cyclical characteristics, with cost advantages and clear growth potential, both domestic and internationally.
• Top level in-house or external management team.
• Leverage capacity.
• Based in Spain.
• Any industry sector excluding financial services, real estate and IT.
• Enterprise value between €50 and €500 million.
• Equity investment between €10 and €100 million.
• Mostly controlling stakes.

We create value boosting real growth in the companies we invest in, playing an active part in their management:

• Strengthing and incentivising their executive teams.
• Working on the definition of the strategy.
• Encouraging organic and inorganic growth, in domestic and foreign market.
• Increasing operational efficiency.
• Applying controls to provide maximum information and transparency.
• Demanding financial discipline.

Investment situations

We feel comfortable in almost any investment situation:

• Transition in family-owned businesses.
• Sale of non-core asset sales by industrials.
• Involvement of management teams in the capital of the company (MBOs).
• Consolidation/build up processes.
• Opportunities for operational improvement.
• Companies undervalued by the market.

The mayority of our investments have been originated proprietarily.

Types of operations

The most regular types of operations are:

• Replacement capital: acquisitions of companies with and without debt (LBOs, MBOs, MBIs).
• Development capital: injection of capital to accelerate growth and / or strengthen the financial structure.

We have a wide variety of capital solutions to suit all types of operations. We apply flexibility and creativity to adapt to the needs of our sellers, buyers and partners.