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We ensure the continuity of your business legacy and commit to its growth.

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An investment company formed to acquire a majority stake in a single company in Spain.

We acquire a company with the backing of a group of investors and take over the running of it day to day. We do not manage a portfolio of holdings. We buy one business and work in it.

Our objective

To ensure the orderly transition of an owner who wants to step back from management and leave the company in the hands of two people committed to staying, with a long-term view.

Our philosophy

Our philosophy is to preserve and strengthen the fundamentals that have underpinned the company's success, continuing the founder's legacy and working with the existing team to deliver the next stage of growth.

Who we speak to

  • Family businesses with no succession in sight.
  • Owners who want to realise years of work and step back from management.
  • Groups divesting a subsidiary that is no longer strategic.

What we look for

We seek to invest by acquiring a majority stake in a mid-sized company with a track record of profitability and opportunities for growth, anywhere in Spain.


These criteria form our general investment framework, although we will assess each opportunity independently and with a flexible approach.

Financial profile

  • Revenue between €5M and €50M.
  • A track record of stable or growing profitability.
  • Margins sustained over time.
  • Recurring or contracted revenue.

Company characteristics

  • A diversified client base.
  • Growth potential.
  • A strong management team.
  • A niche or high value-added product.

Market characteristics

  • High barriers to entry.
  • Low exposure to the economic cycle, to regulatory change and to technological obsolescence.
  • Stable demand with room for growth over the medium term.
  • A fragmented competitive landscape or a defensible niche position.

With the collaboration of an owner willing to accompany the transition and a team committed to the project.

What we offer

What we offer the owner, and what we offer the company.

To the owner

  • A flexible, fair proposal that allows the owner to realise the value of their life's work.
  • A tailor-made transition that respects their circumstances, preferences and degree of future involvement with the company.
  • A commitment to the identity and fundamentals of the business, building on the legacy created by the founder.
  • A project backed by the existing team, as a cornerstone for consolidating the next stage of growth.

To the business

  • An efficient acquisition process, orderly and professional, designed to preserve the company's stability and minimise any impact on its employees, clients and suppliers.
  • A stable, long-term commitment, focused on actively supporting the company's next phase of development.
  • The strengthening of the existing management team through:
    • The addition of professionals with extensive management experience and full-time dedication to the project.
    • The backing of a Board of Directors made up of business owners and investors with a solid operating and business track record.

Triunfo Capital offers the owner an alternative to the traditional routes to a sale.

Comparison between a financial investor or private equity fund, Triunfo Capital and a strategic buyer.
Financial investor / Private equity Strategic buyer
Number of investments A diversified portfolio made up of several holdings. Investment concentrated in a single company. Acquisition of several companies to expand or consolidate a business group.
Post-investment involvement Oversight exercised mainly through the Board of Directors. Direct, continuous and exclusive involvement in running the company. Attention spread across the group's different companies or business units.
Investor profile Predominantly institutional investors, usually removed from day-to-day management. Investors with business experience and a commitment to contributing actively to the project. An investor base tied to the structure and corporate objectives of the acquiring group.
Investment horizon Holding period dictated by the fund's life cycle and strategy. A long-term view, with no pre-set exit date. Horizon subject to the business group's strategic priorities.
Value creation strategy Financial and operational optimisation of portfolio companies. Sustainable development of the business and medium- to long-term growth. Integration of operations, efficiency gains and the capture of synergies.

The process

Four steps, at your pace and with no commitment until the end.

  1. 01

    First conversation

    A no-commitment call to understand your situation, answer your questions and assess whether it makes sense to go further.

  2. 02

    Preliminary analysis

    An initial assessment based on the information you choose to share.

  3. 03

    Indicative proposal

    An initial written proposal that lets you weigh up the different options and make a decision with all the information you need.

  4. 04

    Completion and transition

    A plan shaped around you, with the handover and the timings we agree.

The team

The team is its founders, Fernando Reche Siles and Alfonso Sierra Benayas, who will take over the running of the acquired company alongside the existing team.

Behind them sits a Board of Directors made up of business owners and investors with operating experience, who contribute judgement and contacts without involving themselves in the day-to-day running of the company.

Portrait of Fernando Reche Siles, co-founder of Triunfo Capital

Fernando Reche Siles

Co-founder

+ info

Key Areas of Expertise

  • Industry Analysis and Company Positioning
  • Design and Implementation of Commercial and Operational Strategies
  • Negotiation and Client Management
  • Leadership and Management of Multidisciplinary Teams

Professional Experience

  • Lilly
  • EY-Parthenon
  • A.T. Kearney

Education

  • IESE - MBA
  • Universidad Politécnica de Madrid - Aerospace Engineering
Portrait of Alfonso Sierra Benayas, co-founder of Triunfo Capital

Alfonso Sierra Benayas

Co-founder

+ info

Key Areas of Expertise

  • Financial Analysis and Company Valuation
  • Transformation and Technology Project Management
  • Business Strategy and Operations
  • Leadership and Management of Multidisciplinary Teams

Professional Experience

  • KPMG
  • Allianz

Education

  • IESE - MBA
  • Universidad Pontificia de Comillas (ICADE) – Law Degree and Diploma in Business Studies (E-1)

Get in touch

Every conversation is treated with the utmost confidentiality from the very first contact. If you wish, we can formalise this through a confidentiality agreement before any information about your company is exchanged.

Contact details

Email
fernando.reche@triunfocapital.es
alfonso.sierra@triunfocapital.es
Phone
+34 666 73 87 63 Fernando Reche
+34 620 67 70 90 Alfonso Sierra
Location
Calle de Dulce Chacón 55 (Torre Chamartín)
Madrid, Spain

Let's talk