Creating value,
improving our present

We are a fully independent private equity firm focused on lower mid-market
investments typically in Spain contributing capital and strategic guidance

About us

“International investors since 1996”

We are a fully independent private equity firm focused on lower mid-market investments typically in Spain contributing capital and strategic guidance.

The management team of Avior Capital has been active in the Spanish and European private equity markets since 1996 in first class international firms.

We have extensive experience in investments in a variety of industries, situations, countries, development phases and debt and equity instruments.

The professionals of Avior, have developed for more than 20 years solid professional relationships with a great variety of businessmen, advisors and
professional services providers at national and international level, which are part of our added value when it comes to identifying and creating value in our investments.

What we do

“We invest to develop companies that can generate value and create sustainble wealth and employment”

We invest in companies with a proven business model, in a growing market, with good management team and a solid growth opportunity

We invest to develop them and make them grow with the ultimate goal of creating more solid companies, of strategic value and capable of generating employment and wealth in the medium and long term

We focus on the creation of value in several dimensions:

Organic and by acquisitions growth, domestic and international

Sector consolidation

Improvement of operational efficiency

Strengthening of the organizational structure

Digital transformation

How we work

“We support management teams in the transformation of their businesses and the value creation process”

We are not company managers – we collaborate with the management teams in identifying the strategic development opportunities, facilitate the implementation of the defined investment theses and provide an extensive network of national and international contacts

We are involved from the beginning of the investment, helping to outline the business plan on which the investment is based

Once the investment is made, we collaborate as shareholders with the management teams to generate value:

Supporting management and supervising the value creation from the Board of Directors

Facilitating the implementation of investment measures and theses defined

Our Strengths

Seasoned and cohesive team

Selective focus and rigorous approach

Growth and value creation oriented

Flexible and entrepreneurial

International perspective and experience

Lond term partners

Responsible investors

Avior plans to be a signatory to the United Nations Principles for Responsible Investment («UN PRI»)

By incorporating these principles, the Firm publicly undertakes to demonstrate its commitment to adopting relevant environmental, social and governance issues into its decision-making and ownership practices

https://www.unpri.org/

Senior Team

– Felipe spent 20 years at Bridgepoint as member of the Spanish team until 2016. During this period, he contributed to the assessment and execution of investments in a number of companies across sectors and with growing investment sizes as the Spanish private equity industry evolved. He was member of the firm-wide Industrials and Business Services sector teams

– From 2014 to 2016, Felipe was Board member of the Spanish Private Equity and Venture Capital Association (ASCRI)

– Prior to joining Bridgepoint in 1996, Felipe worked at Bank of America in Madrid within the Structured and Corporate Finance team

– He earned a Civil Engineer degree from the Polytechnic University in Madrid and has an MBA from Babson College (Wellesley, MA)

– Borja has worked in private equity since 2006, starting at Advent International. He has developed most of his career at Bridgepoint, where he focused on the Spanish market and was member of the firm-wide Consumer & Retail and TMT sector teams. In 2014 he joined Rhône Capital in London, where he was responsible for the coverage of Spain alongside the execution and management of investment opportunities in Europe

– During his career, Borja has developed expertise in the consumer and retail, business services and industrials sectors, having executed a number of investments and being board member of several companies

– Prior to private equity, Borja was a management consultant for 4 years and had a management role in his family’s business, which was sold to Saint-Gobain Group. He earned a dual degree in Business Administration (E2) and Marketing (ITM) by ICADE in Madrid and an MBA by Kellogg School of Management – Northwestern University and London Business School, where he was a Fundación CajaMadrid scholar

– Rafael has 25 years’ experience in investments and the financial services sector

– He spent most of his career at Bankia as Director of Investments, responsible for the financial management and supervision (including board roles) of the industrial portfolio (300+ companies), as well as the financial and real estate portfolios. He was also Director of Strategic Development, heading the bank’s international expansion in the US and Latam

– Before Bankia, he was Head of Structured Credit Products of Bank of America in Spain for 5 years and spent another 3 years working for Banco Santander in its International Credit Division

– More recently, Rafael has been advisor to medium sized companies in Corporate Finance, M&A and Digital Transformation matters

– Rafael holds a BS in Business Administration from Saint Louis University (MO) and an MBA, with honors, from Fordham University (NY)

Investment strategy

Company parameters

– Cash-generative companies, with a solid business model and a compelling untapped growth potential, underpinned by broad favourable sector trends

– Revenue €15-75 million

– EBITDA €3-10 million

Sectors

– Consumer
– Business Services
– Manufacturing and Industrials
– Others opportunistically

Excluded: real estate, infrastructure, financial services, tech, software, pharma

Investment thesis

– Provide strategic guidance and capital for growth
– Pursue growth opportunities organically and/or through acquisitions
– Address managerial and organizational challenges
– Digital transformation

Situations

– Family businesses
– Growth capital
– MBOs/MBIs
– Failed processes
– Complex shareholding situations
– Carve-outs

Equity investment

– €10-25 million, above with co-investment

– Equity or quasi-equity; replacement or growth capital

– Majorities are preferred but open to significant minorities with relevant protections

Exit

– Flexible but typically 4-6 years

Contact us

Pedro Teixeira 8 – 28020 Madrid
+34 913 783 555