Since 1990, devoted to M&A advisory in Spain. More than 75 transactions, with a value of over €6 billion, successfully advised by the current team within the last 10 years
Since 1990, devoted to M&A advisory in Spain. More than 75 transactions, with a value of over €6 billion, successfully advised by the current team within the last 10 years
V4 Financial Partners provides services in Spain, LatAm and through its partnership with GCA, in USA, Asia and Europe
Ignacio joined V4 Financial Partners (formerly Altium Capital) in 2003. In this time he has worked on many transactions (divestments, MBOs, buildups) across differing sectors (health, industrial, renewables). Before joining Altium, Ignacio worked for more than 12 years at Alpha Corporate (the mergers and acquisitions division of Deloitte Spain, formerly Arthur Andersen) in the in construction, technology and Internet, IT services and private equity. Ignacio holds a degree in Economics and Business Administration, an MBA from Houston University, and is a Chartered Financial Analyst (CFA).
We accompany our clients throughout the entire process, offering complete technical reliability and a creative, specialist, financial focus
Manuel joined V4 Financial Partners (formerly Altium Capital) in 2005 as a partner at the Madrid office, having spent 13 years as a financial consultant at Alpha Corporate (the mergers and acquisitions division of Deloitte Spain, formerly Arthur Andersen). He has been involved in numerous takeover, merger and LBO operations in a range of different sectors, including media & leisure, food & drink, professional services, and the infrastructure sector. Manuel graduated with Honours in Business Science at the European Business Management Centre (Spain) and Humberside University (UK).
Our years of experience in M&A allow us to act with swiftness, determination, flexibility and creativity, making it easier for us to adapt to and personalize each process
Fernando joined V4 Financial Partners (formerly Altium Capital) in 2003. He has over 15 years' experience in mergers and acquisitions, and has acted as a financial advisor in transactions involving healthcare, Internet/e-commerce, technology, retail, consumer goods & services, and FIG sectors. Fernando specializes in private equity, venture capital and cross-border transactions. Before working at Altium Capital, Fernando spent more than 8 years as financial and strategic consultant at HP, Accenture and Alpha Corporate (the mergers and acquisitions division of Deloitte Spain, formerly Arthur Andersen). He holds a joint degree in Law and Business Administration from Pontificia de Comillas University (ICADE E-3) and completed the Senior Business Management Programme at IESE.
We see ourselves as the temporary partners of our clients. As advisors, our primary asset is time, so we need to believe in the transaction as much as our clients
Jorge joined V4 Financial Partners in 2021 as Head of Debt Advisory. He worked for BBVA during 28 years in the investment banking division where he was Global Head of Restructurings and Head of Structured Finance Americas, position that he ran from Mexico City and New York. Jorge holds a mining engineer degree from Universidad de Oviedo and an MBA from Rensselaer Polytechnic Institute.
Juan Alberto joined V4 Financial Partners after working for Ernst & Young in the Audit department. Juan Alberto holds a degree in Law and Business Administration (ICADE E-3) from the Universidad Pontificia de Comillas.
Fernando joined V4 Financial Partners after working for CaixaBank in the Corporate Finance department. Fernando holds a degree in Law and Business Administration from Francisco de Vitoria University and a Master in International Management from IE Business School.
Luis joined V4 Financial Partners after working for Akerton Partners in the M&A department. Previously he worked for Management Solutions in the financial advisory division. Luis holds a degree in Business Administration from Centro Universitario de Estudios Financieros (CUNEF).
Álvaro joined V4 Financial Partners after working in the Corporate Finance department at Deloitte. Previously, he has worked in London for the fintech Ultumus as a financial analyst. Álvaro holds a degree in Economics and Finance from Universidad Autónoma de Madrid and a master in Corporate Finance and Investment Banking from IEB.
Álvaro joined V4 Financial Partners after working in the Corporate Finance department at Deloitte. Previously, he has worked in London for the fintech Ultumus as a financial analyst. Álvaro holds a degree in Economics and Finance from Universidad Autónoma de Madrid and a master in Corporate Finance and Investment Banking from IEB.
Brais joined V4 Financial Partners after working as a Corporate Strategy Analyst in Ferrovial. He previously worked at BBVA. Brais holds a Bachelor of Business Administration from Universidad Carlos III de Madrid. He has also completed a Specialization Program in M&A and Private Equity at Instituto de Estudios Bursátiles (IEB)
Fernando joined V4 Financial Partners after working for Deloitte in the Audit&Assurance department. Previously he worked for BMW Bank. Fernando holds a dual degree in Business Administration + International Relations from Universidad Francisco de Vitoria.
Senior Advisor. Rafael joined V4 Financial Partners (formerly Altium Capital) in 1997, having been a founding partner of the Corporate Finance practice of EY Spain. Rafael was previously the head of Corporate Development at Valenciana de Cementos. Over the course of his professional career, Rafael has been involved in various types of corporate transactions: joint-ventures, acquisitions, sales, mergers, funding operations, etc. He has a thorough knowledge of banking, insurance, transportation, food, health, amongst many other sectors. Rafael holds a degree in Economics and Industrial Engineering from Valencia University.
In this profession it is vital to put yourself in your client’s shoes. Besides technical know-how, experience and personality are the key
“The acquisition of Banco San Paolo in Spain was essential for CAM at the time, for a number of strategic reasons…”
“The acquisition of Banco San Paolo in Spain was essential for CAM at the time, for a number of strategic reasons. However, for reasons beyond our control, the sale of this institution was practically completed with another buyer, without letting CAM participate in the sales process. V4 Financial Partners did not give up at any point and remained persistent, continuing to work the operation until its client was successful. In addition to their follow-up work and in-depth analysis into the potential transaction with the third party, V4 Financial Partners were focused in their work, bringing a high degree of vision, experience, perseverance, intelligence, strategy, and a great ability to anticipate. Ultimately, they created a map of the situation in which they were able to confidently design the right tactics to revert the adverse sales situation back to ‘near completion’. With that, they achieved a resounding success for us that very few anticipated. It was a transaction with a multitude of difficulties that surely would have put anyone off – but not V4 Financial Partners.”
“With V4 Financial Partners, we found a way to overcome the issues that arose in this transaction. The 50/50 share between two family-owned groups…”
“With V4 Financial Partners, we found a way to overcome the issues that arose in this transaction. The 50/50 share between two family-owned groups had created tensions, and the solution was for one of the two parties to take 100% of the insurance company. The transaction presented many different challenges – both technical and emotional. On the one hand, V4 Financial Partners established clear and balanced technical criteria, so the obstacles relating to the economic and financial conditions of the transaction were overcome. And on the other hand, in what was the most important role for V4 Financial Partners as it could have created a lot of tension, they expertly managed the different motives that each person had, avoiding the potential risk of breaking up the deal. Given that each party had a different ability and business vision, the continuity of the business was in danger in a 50/50 situation. The intelligence, patience and wisdom that V4 Financial Partners demonstrated throughout this long negotiation process was key to efficiently managing the interests and business implications for both parties, and as a result, we achieved business continuity and satisfaction for both parties. I fully attribute this success to the V4 Financial Partners team”
“V4 Financial Partners advised us on the strategy and approach to take for internationalising our company, by first determining the keys to success…”
“V4 Financial Partners advised us on the strategy and approach to take for internationalising our company, by first determining the keys to success. To do this, they identified and analysed opportunities, managing complex processes with suitable partners and with the appropriate agreement structure. For us, the consultation from V4 Financial Partners was instrumental in deciding the timing, structure and location for making the leap into the international market”
“We had a challenge before us: to create a conglomerate of various related companies (including raw materials providers, specialised producers…”
“We had a challenge before us: to create a conglomerate of various related companies (including raw materials providers, specialised producers, retailers and distributors with specific approaches, products and locations, etc.) and unify them into a single parent company – which would involve absorptions, share exchanges of the parent company’s shares, as well as the sale and purchase of shares from shareholders who wished to leave the Group. The key to this deal success was in V4 Financial Partners team’s intelligent management and vision of the different incentives of over 100 shareholders from different companies. To achieve this, a general consensus was reached while performing the technical assessment procedure of the different companies. As a result, the valuation process and exchange ratio for the shares in each company were completed without objection, and our new company was born: Panaderías Navarras S.A. (Panasa). Later, the same V4 Financial Partners team advised us on the sale of this group, once again demonstrating their great professionalism, ethics and dedication during a complex transaction with a successful outcome and satisfaction for all of the shareholders involved.”
“Following the acquisition of four of the leading companies in the Spanish occupational risk prevention market, Quirónsalud wanted to integrate teams and activities…”
“Following the acquisition of four of the main national prevention companies, we at Quironsalud wanted to integrate our teams and activities in order to establish our new business division for occupational hazard prevention services. V4 Financial Partners advised us in the definition, execution and follow-up of a plan to integrate and optimally scale the operational structures of the four companies, collaborating with the four managing teams of each company on the integration of their human and material resources for their services’ provision. The project length exceeded a year and a half. They helped us to achieve our objectives in a management project oriented to value creation from financial and business consultancy angle.”
“SIRO Group is what it is today with thanks, in part, to an acquisition strategy developed from the group’s inception, in which V4 Financial Partners team played a relevant role…”
“SIRO Group is what it is today with thanks, in part, to an acquisition strategy developed from the group’s inception, in which V4 Financial Partners team played a relevant role. V4 Financial Partners understood our company philosophy, our vision for the future and the strategy that we should develop. They understood our objectives, and identified and acquired the firms that make SIRO Group what it is today, V4 Financial Partners team advised in the acquisition of a group of 7 companies, in less than 10 years. With their involvement, we managed to implement and begin an inorganic growth process which has undoubtedly been instrumental in the success of SIRO Group.”
“We were originally part of a family-owned company, in which we were founded as a business diversification unit…”
“We were originally part of a family-owned company; in which we were founded as a business diversification. There came a moment where the management team of this subsidiary saw that this new activity could have a life of its own, and it became an independent business development. In the first stage of collaboration, V4 Financial Partners helped us to find inorganic growth objectives outside of Spain and, subsequently, when our shareholder decided to disinvest in our business, V4 Financial Partners recommended the most interesting potential buyer (the venture capital fund Nazca Capital) for us and for our former owner, and helped the buyer to understand our plans and complete the transaction successfully”
“In an institutionally regulated market V4 Financial Partners was able to get ahead of the competition thanks to their vision and reflection of the process…”
“In an institutionally regulated market V4 Financial Partners was able to get ahead of the competition thanks to their vision and reflection of the process; we became the first company to be sold in the sector, after the new Law regulating the sector came into force and, therefore, gained the most advantage. With their perspective and foresight, they got us to arrive at the sales process with all of the work done, which gave us a clear advantage over the others. Furthermore, they were able to expertly manage a very competitive process in which transparency and equal opportunities were key, overtaking our competitors with agility and acumen. The transaction was very successful for both the seller and the buyer.”
“After the acquisition of the occupational hazard prevention services’ subsidiary company from Fraternidad Muprespa (a transaction where V4 Financial Partners …”
“After the acquisition of the occupational hazard prevention services’ subsidiary company from Fraternidad Muprespa (a transaction where V4 Financial Partners, formerly Altium Capital, advised the seller), Quiron’s objective was to form a leading group in the sector, within a context where all the occupational hazard prevention services’ companies owned by Mutuas were obliged, by law, to be sold. We decide to hire V4 Financial Partners due to their knowledge of the industry, and they advised us on the analysis, negotiation and execution of the acquisition of three of the largest companies in the market (MC Prevencion, Unipresalud and Premap), guiding us in understanding and defining the potential of each business and company, as well as advising us through the negotiation, analysis and completion of each transaction, simultaneously with other opportunities’ analysis. All of this was done in record time, as required by the regulatory authority”.
“Thanks to V4 Financial Partners and their international partners, we knew that a company in our sector would be sold in Germany. We …”
“Thanks to V4 Financial Partners and their international partners, we knew that a company in our sector would sell in Germany. We found that it was a very competitive process and we entered into it when the process had already begun, but we were extremely interested in getting involved because we didn’t have a presence in this country and it was a huge opportunity. As the operation was being managed by one of V4 Financial Partners‘ overseas partners, the Spanish office decided to take a step back and not manage the process directly, which caught our attention in terms of honesty and the straightforward management of possible conflicts of interest. Their integrity notwithstanding, they were able to help us in order to level the playing field, so that we could go ahead with the purchase without breaking any rules or their code of ethics. The transaction was completed very rigorously and with a great respect towards equal opportunities, in which we all managed to see our objectives fulfilled.”
“V4 Financial Partners helped us to regain control of our company’s capital that was in the hands of a financial institution …”
“V4 Financial Partners helped us to regain control of our company’s capital that was in the hands of a financial institution and therefore subject to strict regulations. The institution had come to invest in our Group, that was being advised by V4 Financial Partners. Later on, however, the changes that affected the Spanish financial sector, along with the sector’s restructure, made business relationships difficult for each partner’s activity. V4 Financial Partners designed a very creative financial transaction structure that allowed the financial institution to exit our Group by selling their shares to us, without creating tension in the Group’s operations and thus laying the foundations for a long-term, fruitful relationship between our Group and the financial institution. We are very happy with the result.”
“The construction and opening of a new hospital in Cordoba, was a very relevant project for us at institutional level …”
“The construction and opening of a new hospital in Cordoba, was a very relevant project for us at institutional level. The project was coincident in time with our internal process of integration after acquiring Quirón Group, and, subsequently, with the corporate transaction that resulted in our integration into the Fresenius Helios Group. V4 Financial Partners helped us throughout different phases of a process, which lasted several months, advising us on all aspects: from the configuration and formalization of an hybrid financing structure (with partners’ contributions – including our agreement with European Development Funds – as well as mortgage loans), to the coordination of the other areas and technical teams involved – legal, tax, architectural, business, etc. V4 Financial Partners simplified our decision making process and led on the progress of various agreements right up until completion.”
“When I decided to sell my company, it was clear that it would be a great opportunity for the right buyer. However, there was a big problem…”
“When I decided to sell my company, it was clear that it would be a great opportunity for the right buyer. However, there was a big problem: there was not an efficient market for buying or selling unlisted companies – especially for medium-sized companies, like ours. V4 Financial Partners gave us exactly that: knowledge of a market in which the role of advisor (in this case, V4 Financial Partners) was even more important due to this lack of efficiency.”
“As well as their intrinsic role as financial consultants, V4 Financial Partners played a much larger role than that:acting as a catalyst…”
“As well as their intrinsic role as financial consultants, V4 Financial Partners played a much larger role than that: acting as a catalyst for the operation and getting fully involved with all aspects of the process (due diligence, legal, internal and external approval, etc.). Under some atypical circumstances, as a company undergoing restructuring process, the approach that V4 Financial Partners designed worked like a transmission belt, both internally and externally (with counterparties, other consultants, etc.). This was key to the final result, and it is likely that the transaction would not have gone ahead with a ‘typical’ financial advisor. If I had to highlight one aspect of V4 Financial Partners’s work, I would choose their ability to find solutions to complex problems, adapting to the particular circumstances of each case and using a creative and practical approach.”
V4 Financial Partners has advised the founding partners of the Spanish company Korott in the identification, design, negotiation and execution of its merger with the German-based group Euro Vital Pharma Holding (EVPH), …
V4 Financial Partners has advised Amara and its shareholders in the exploration, design, negotiation and execution of a transaction with the funds managed by ProA Capital (ProA), …
V4 Financial Partners can be reached at: Calle José Ortega y Gasset, 25 – 1º 28006 Madrid, Spain
Tel: +34 91 761 8800 Email: v4@v4financialpartners.com
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