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2018.Pdf 1 11/4/18 9:17 AF_Cub-Anuario-ASCRI-2018.pdf 1 11/4/18 9:17 C M Y CM MY CY CMY K Anuario 2018 Directory Patrocinado por / Sponsored by: ANUARIO ASCRI 2018 Todos los derechos reservados ASCRI: Príncipe de Vergara, 55, 4ºD. 28006 Madrid DISEÑO EXTERIOR: Atela Comunicación Corporativa DISEÑO INTERIOR: Zingular FOTOMECÁNICA: Zingular IMPRENTA: Zingular 2 sumario / index CARTA DEL DIRECTOR GENERAL DE ASCRI 4 ASCRI Managing Director´s Letter QUÉ ES ASCRI 7 7 What is ASCRI PRIMEROS RESULTADOS DEL AÑO 2017 14 First results for the 2017 exercise LISTA DE ENTIDADES DE CAPITAL PRIVADO ORIENTADAS A INVERTIR EN VENTURE CAPITAL 26 Venture Capital entities LISTA DE ENTIDADES DE CAPITAL PRIVADO ORIENTADAS A CAPITAL EXPANSIÓN Y ÚLTIMAS ETAPAS DE INVERSIÓN 38 Private Equity entities DISTRIBUCIÓN GEOGRÁFICA DE LAS ENTIDADES DE VENTURE CAPITAL & PRIVATE EQUITY SOCIAS DE ASCRI 44 Geographical location of Venture Capital & Private Equity entities (ASCRI members) ÍNDICE DE TÉRMINOS QUE CONTIENEN LAS FICHAS 47 Index of terms included in this directory SOCIOS GESTORES 48 General Partners Members SOCIOS INVERSORES 150 Limited Partners Members SOCIOS ASESORES 160 Advisory Members LISTA DE PROFESIONALES DE LOS SOCIOS GESTORES E INVERSORES POR ENTIDAD 222 General Partners and Limited Partners Professionals listed by entity LISTA DE PROFESIONALES DE LOS SOCIOS GESTORES E INVERSORES POR APELLIDO 234 General Partners and Limited Partners Professionals listed by surname PROFESIONALES DE SOCIOS ASESORES POR EMPRESA 246 Advisory Members Professionals listed by entity PROFESIONALES DE SOCIOS ASESORES POR APELLIDO 256 Advisory Members Professionals listed by surname ASOCIACIONES EXTRANJERAS DE CAPITAL PRIVADO 266 Foreign Venture Capital & Private Equity Associations PUBLICACIONES DE INTERÉS 268 Publications related to the VC&PE Industry ANOTACIONES Y GLOSARIO DE TÉRMINOS 269 Notes and key words 3 I am honored to be leading the Spanish Venture Capital & Private Equity (ASCRI) (Asociación Española de Capital, Crecimiento e Inversión). I would like to thank the Chairman, Vice Chairmen and Executive Board for placing their trust in me. Together with the existing team, we will work to grow as an organization and to raise the profile of the Venture Capital & Private Equity sector in Spain, and we will also implement important measures to continue driving growth of the industry. My goal is to improve the quality of the services provided to managers, limited partners and advisors by strengthening investment and optimizing our tax framework, and through internationalization. In order to achieve this goal we have implemented a roadmap for public matters and are drafting a reputation improvement plan and preparing both a regional and a European roadshow. We also continue to work towards improving the regulatory and tax framework applicable to our industry at this time, which should allow us to work with a higher level of legal security, for both investors and managers. On the other hand, we believe that another essential measure involves promoting the investment of pension funds and insurance companies in venture capital and private equity funds. This Yearbook provides general information on ASCRI and its members, as well as on the VC&PE activity. I hope you find this useful, and I hope the insight provided helps you to better understand how each of the stakeholders within this industry operates. Venture capital and private equity this past year reached a record high, both in investment and in divestment and fundraising, with an extremely active middle market. We have also helped to develop new Venture Capital & Private Equity operators and to strengthen Spain’s position as an extremely attractive focus for foreign investment. This is the time to invest, divest and raise new funds, while we here at ASCRI continue with our training sessions, specialized publications and sector events. Supporting entrepreneurs and their projects and companies, building bridges with other associations, all with institutional loyalty, collaborative spirit and a global vision. José Zudaire ASCRI General Manager 4 Es un honor para mí dirigir la Asociación Española de Capital, Crecimiento e Inversión (ASCRI). Quiero agradecer al Presidente, Vicepresidentes y Junta Directiva la confianza recibida. Junto al equipo existente, trabajaremos para crecer como asociación y elevar el perfil del sector de Venture Capital & Private Equity en nuestro país, y pondremos en marcha medidas importantes para seguir impulsando a la industria. Mi objetivo es mejorar la calidad de servicio a los gestores, limited partners y asesores mediante la potenciación de la inversión, la optimización del marco fiscal y la internacionalización. Para ello, hemos puesto en marcha una hoja de ruta de asuntos públicos, estamos elaborando un plan de mejora reputacional y realizando un roadshow regional y otro europeo. Continuamos también con nuestra labor de tratar de mejorar el marco normativo y fiscal que aplica en estos momentos a nuestra industria y que nos debe permitir trabajar con mayor seguridad jurídica, tanto a inversores como a gestores. Por otro lado, creemos también fundamental estimular la inversión de los fondos de pensiones y compañías aseguradoras en fondos de capital privado. En este Anuario podrás encontrar información general sobre ASCRI, sobre la actividad de VC&PE y de cada uno de los socios que la componen. Espero que te resulte útil y te ayude a comprender cómo opera cada uno de los agentes que conforman esta industria. Hemos alcanzado un récord histórico este último año, tanto en inversión como en desinversión y fundraising, con un middle market enormemente activo. También hemos asistido a la creación de nuevos operadores de Venture Capital & Private Equity y la consolidación de España como un foco de gran atractivo para la inversión extranjera. Es el momento para invertir, desinvertir y captar nuevos fondos, mientras ASCRI continúa con las jornadas de formación, las publicaciones especializadas y los eventos sectoriales. Apoyando a los emprendedores y empresarios, a sus proyectos y empresas, tendiendo puentes a otras asociaciones, con lealtad institucional, espíritu colaborativo y visión global. José Zudaire Director General de ASCRI 5 6 Quiénes SOMOS La Asociación Española de Capital, Crecimiento e Inversión (ASCRI) es el organismo que agrupa a la industria de Venture Capital & Private Equity en España, representándola ante las autoridades, Gobierno, instituciones, inversores, empresarios y medios de comu- nicación. ASCRI emite comunicaciones de forma regular y proporciona estadísticas e in- formación actualizada sobre la evolución del marco fiscal y legal. ASCRI también organiza una serie de actividades (cursos de formación, eventos y mesas redondas) para los socios y público en general con el fin de difundir y reforzar la contribución del Capital Privado para la economía y el crecimiento de las pymes en España. ASCRI difunde y garantiza los estándares profesionales entre sus miembros: la transparencia, las mejores prácticas y el buen gobierno. ASCRI engloba a casi 100 firmas nacionales e internacionales de Venture Capital & Private Equity, 70 proveedores de servicios y 10 socios inversores (limited partners). La página web de ASCRI www.ascri.org se actualiza constantemente con nuevos con- tenidos y dispone de secciones cuya información está reservada exclusivamente para los socios con acceso restringido. ASCRI también dispone de perfil en Linkedin https://www.linkedin.com/company/ascri y Twitter @ascri_info. Publicaciones ASCRI • Anuario ASCRI, publicación anual que contiene información detallada acerca de los socios gestores, los socios inversores y los socios asesores. • Informe anual de Venture Capital & Private Equity en España. • Informe de Impacto Económico y Social del Capital Privado. en las operaciones de middle market en España. • Informe de Impacto Económico y Social del Venture Capital en España. • Guía de Inversión Responsable para el sector de Private Equity en España. Eventos • Asamblea General anual • Congreso anual ASCRI • Cena anual de Socios • Premios anuales a las mejores operaciones de Venture Capital & Private Equity en España • LPs&GPs Spanish Conference • Trofeo anual de golf • Cursos de formación • Desayunos-coloquios 7 Composición de ASCRI: Junta Directiva y Comités de Trabajo ASCRI está administrada y gestionada por una Junta Directiva de doce miembros, que re- presenta a la Asociación ante la Administración Pública y otras instituciones. La Junta Directiva se renueva cada año en un 25%, saliendo de ella los socios que más an- tigüedad tienen dentro de la Junta, que serán sustituidos por nuevos asociados que hayan presentado previamente su candidatura. La Junta Directiva actual se renovará en la Asamblea General Ordinaria de mayo de 2018 y estará vigente hasta mayo de 2019. Asamblea General Socios ASCRI: GESTORES / INVERSORES / ASESORES Junta Directiva (El 25% se renueva cada año) Alantra Private Equity, Altamar Capital Partners, CRB Inverbío, Espiga Capital, Kibo Ventures, KKR, Inveready Technology Investment Group, MBO Partenaires, Miura Private Equity, Portobello Capital, Proa Capital y Seaya Ventures Presidente Director General Secretario Juan Luis Ramírez José Zudaire General (Portobello Capital) Directora de Estudios Antonio Ortega Ángela Alferez Vicepresidente Directora de Miguel Zurita (Altamar Capital Partners) Comunicación Silvia Martín Vicepresidenta y Office Manager Presidenta Comité Christel Sundell Venture Capital Beatriz González (Seaya Ventures) Comité Comité Comité de
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