Investment Philosophy

Our investment philosophy, guided by a disciplined, patient and methodical process, is based on the acquisition and management of commercial assets through individual reform strategies and repositioning adapted to market cycle and opportunity, on the purchase of land as production good’s for agricultural or livestock operation, on the access to infrastructure funds that allow participating, directly, in assets through co-investment operations in sectors such as water and energy distribution, transport, services and telecommunications, among others, and on support of business innovation, entrepreneurship and technological advance that provide companies the possibility of a face strategic and operational challenges.

As capital investors, our activity is characterized by the own funds contribution to companies whose profitability prospects are proportional to the investment risk, are located preferably in Spain and also are in consolidation processes and organic growth, with the capacity to create or consolidate sustainable competitive advantages in their reference markets.

The most common operations are those that involve, direct or indirect, entry into the shareholding through a capital increase, designed to consolidate the leadership position and accelerating growth, expansion and diversification of business models and/or inorganic growth (via acquisitions), in order to facilitating companies the enter into new countries, regions and/or formats, by taking advantage of synergies and shared knowledge of the sectors in which they perform their activities.

“We apply consistent criteria across asset classes and strategies on a global scale, and gain a thorough understanding of the risk return profiles presented by each investment opportunity”.
Inversiones Maslosa.

The average stay in the capital of the companies we bet is three to five years, although we adapt to the particular circumstances of each operation. We do not interfere in daily management or operative, however we provide the management teams with our vast experience and knowledge acquired throughout our trajectory, collaborating in the feasibility plan creation, helping them in the strategic analysis, jointly defining the objectives and necessary resources, etc. For all this, we count with a group of well experienced professionals and top-level management teams, they are able of providing the industrial, strategic and operational experience necessary to create long-term sustainable value.

We dont’ invest in emerging companies with unproven business models, cyclical businesses, highly levered or which require significant restructuring, nor in sectors heavily dependent on regulation.

Criteria:

• Segment: unlisted small and medium-sized companies.
• Geography: Spain.
• Investment: up to €100k per operation, depending on the company’s maturity level.
• Sector: general/multisectoral.
• Participation: relevant minority.
• IRR Net return: target above 15% from the sale of shares or payment of dividends.
• Permanence: medium/long term, with a mechanism and pre-defined deadline depending on the characteristics and each company needs.