Insights from the 2023 Spanish Private Equity & Venture Capital Breakfast

November 16th, 2023, Madrid

Today, Pedersen & Partners, in collaboration with CMS, hosted the Spanish Private Equity & Venture Capital Breakfast. The event fostered a dynamic environment, facilitating engaging discussions and valuable networking opportunities for international private equity leaders.

2023 Madrid Private Equity and Venture Capital Breakfast

The panel discussions were led by:

  • José Arango López de Letona – Partner, Teset Capital
  • Leticia Bueno – Partner, Co-Head of the Junior Fund, Oquendo Capital
  • Manuel Blanco – Founding Partner, ABE Capital Partners
  • Jose Megia – Investment Manager, Charme Capital Partners
  • Juan Eusebio Pujol – Operating Partner, Miura Partners
  • Agustin Vitorica – Founder & Co-CEO, GAWA Capital

The panel discussion was co-chaired by:

  • Alvaro Arias – Partner, Head of Private Equity Practice, Pedersen & Partners
  • Ignacio Zarzalejos – Partner, Corporate/M&A, CMS

Here are the main key findings summarized by Alvaro Arias:

  • Amidst a volatile macro environment, this year posed challenges in fundraising. Inflation and soaring interest rates escalated debt expenses, affecting potential investments and M&A activities. Spain, however, emerged as an inviting market with a rising GDP and positive global recognition. • The Private Equity landscape witnessed increased capital infusions in portfolio companies while experiencing a 30% dip in M&A operations. Amid rising prices, profitability risks loom large in future investments. Despite this, the industry remains optimistic for growth in 2024, pinning hopes on potential interest rate declines.
  • Spain's Impact Investment scene has surged tenfold, underlining a remarkable shift toward responsible investing and burgeoning emphasis on ESG considerations. Long-term infrastructure investments benefited from rising interest rates, focusing on enduring returns.
  • Central to successful investments is the alignment of management teams. CEOs' investment alongside Private Equity partners underscores long-term commitment and alignment.
  • The rise of Operating Partners in Spanish Private Equity signifies a strategic move toward closer alignment and hands-on management for optimized profitability.

Pedersen & Partners is a leading global Executive Search, Leadership Consulting and Board Services firm. We operate 54 wholly owned offices in 50 countries across Europe, the Middle East, Africa, Asia & the Americas. Our values Trust, Relationship and Professionalism apply to our interaction with clients as well as executives.