ENTERPRISES
We invest in consolidated B2B companies that are profitable and have avenues for additional growth
Investments in SMEs via the Search-Fund model
We have so far invested in 8 classic search fund deals that
- Targeted consolidated companies with a strong share of recurrent revenues.
- Operated in fragmented industries with favourable tailwinds.
- Considered fair terms, involved selling owners and optimized the use of leverage.
- Were led by exceptional searchers who have demonstrated maturity and trustworthiness.
- Allowed for our team to bring something special to the table.
ENTERPRISES
We have backed 8 search-fund deals in operational companies
Our expertise at the service of searchers acquiring and growing SMEs
![investments-section-1](https://itaca.capital/wp-content/uploads/2020/07/investments-section-1.png)
We are strong believers of the search fund model at its core, and we make sure to discard any deal that does not comply with its requirements:
- Quality Recurrent Revenue
- Long history of profitability and steady growth
- Capital efficiency and high cash conversion
- Attractive investment terms and high acquisition leverage
- Growing, fragmented industry with tail winds
- Alligned seller
- Reliable entrepreneur
CURRENT PORTFOLIO
Our protfolio on averages
Sales
EBITDA
%
EBITDA Margin
%
Cash Conversion
Employees
MEXICO | 2020
IT Service Provider & Software Distributor for Card Payments
Moneta Technologies integrates specialized multi-vendor 3rd party solutions to its AAA customers, enabling them to perform mission-critical tasks related to their digital payments’ capacity
SPAIN | 2021
Niche Provider of Power Solutions Testing Devices Sold to R&D Labs Wolrdwide
Cinergia designs and assembles proprietary hardware and software to produce AC/DC testing equipment for industrial and R&D centers and universities
SPAIN | 2021
Scientific Instrumentation Distributor for R&D and O&M Solutions
IESMAT is a scientific instrumentation distributor leader in its niche, with +15 years of experience and a strong market position regarding R&D and O&M solutions.
SPAIN | 2022
Trading Platform for the Auto-Parts Industry
RecambioFacil is a SaaS solution/marketplace for the car repositioning market with more than 10 million units available
![](https://itaca.capital/wp-content/uploads/2022/12/Itaca-Capital_Davitfoto-05-scaled-e1672131906427.jpg)
Franc Gómez-Landero
Managing Partner
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Founding Partner of ITACA. 18 years of experience in Strategy and Corporate Development for PE-backed companies of all sizes.
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M&A, PMI & Market Strategy in Transportation and Logistics, Utilities, Renewable Energy and Healthcare. International profile with experience in Europe, Latin America and Africa.
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Prior to founding Itaca, Franc was a Partner at Antuko, a leading investments and advisory firm in the Latin American renewable energy space, Advised 20+ projects worth $2Bn; and was instrumental in Bain Capital’s build-up of Verisure - Securitas Direct in Latin America.
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Permanent involvement in MBI projects, value-creation and SME Transformation engagements.
![](https://itaca.capital/wp-content/uploads/2020/09/Paz-Ambrosy.jpg)
Paz Ambrosy
Venture Partner
- Founder of Cuantia Capital, an 18y-old EU advisory firm focused in Private Placement of funds of Private Equity, Venture Capital and Agrobusiness.
- Paz is a key advisor for institutional clients such as Rothschild and Gamesa and has a strong track record working for funds in France, Spain, UK and Chile.
- Paz is also a Partner at Quadra Capital Partners, an Advisor at Lombard Odier Investment Managers (CAN). Previously, she he held senior Investor Relations roles at N+1 / Dinamia (now Alantra).
- Paz has permanent involvement in direct M&A deals, Secondary-market transactions of PE Assets and shares.