16/01/2023

Henko Capital Partners I, FCR’s 2022 review

Madrid, January 16th 2023.

New investments

  • Revergy: Leading asset management and O&M company for wind and solar energy generation plants. We aim to consolidate Revergy´s presence across Europe, LatAm & US, optimizing the management and performance of wind and solar parks.
  • BioClever: European Buy & Build project to create an international full-service CRO (clinical research organization) specializing in clinical research for pharma and biotech companies. Client focused and pursuing excellence in clinical trials.

Add-on acquisitions

  • Voltan strengthens commissioning with Aplipem: Aplipem joined the Voltan group, adding highly specialized electrical services in the assembly and start-up phase of power generation plants, as well as in transmission infrastructure. Voltan is consolidating its position as a full-service commissioning provider.
  • Defeder expands its product portfolio: Defeder closed its first add-on in December 2022 (to be announced shortly), consolidating its position as a leading Spanish manufacturer of organic fertilizers. With this transaction, Defeder widens its product portfolio and expands its manufacturing capacity.

Portfolio performance

  • Despite the turbulences of 2022, our portfolio companies have shown outstanding performance. We are proud to be working closely with management teams that have achieved >30% average annual organic growth.
  • Voltan has advanced in the integration of three companies (MMYPEM, Teiga and Aplipem), consolidating its position as a specialized technical service provider for energy generation plants across Europe.
  • Defeder continues to successfully execute its growth plan, this year adding its first add-on acquisition with more planned for 2023. Defeder is consolidating its position as a market leader in organic fertilizers.
  • Revergy and BioClever joined the Henko family in 2022 with ambitious plans for 2023.

Talent acquisition

  • Jose Castellote leads portfolio management: With the hire of José Castellote, Henko initiated its portfolio team. José joins Henko from management roles at GE Healthcare, AREVA/Alstom and Babcock. In parallel, the portfolio companies continue to attract top-level talent at management and board levels, to execute their growth plans.

Portfolio development plan

  • Voltan aims to acquire several add-ons to widen its service portfolio of value-added services to the energy industry and to increase its presence in the transmission and distribution segment.
  • Defeder will continue to grow organically while advancing with its inorganic growth strategy. The company aims to acquire 2 new add-ons, mainly aimed at expanding its international reach and manufacturing capacity.
  • Revergy is going to maintain its strong organic growth pace based on the current backlog and open new branches in strategic countries in Europe and LatAm.
  • BioClever expects to grow internationally with the first acquisitions of similar CROs in other countries across Europe. The company will start to execute international clinical trials in 2023.

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Atrás

· Private equity experience across Spain, Portugal, UK and Germany.

 

· Previously partner at Sherpa Capital, Spanish Private Equity with > €350m of assets under management (2020) focused on SMEs in Spain and Portugal.

 

· Partner at DPE Deutsche Private Equity, private equity fund targeting SMEs with €1.2bn of assets under management (2017).

 

· Morgan Stanley Capital Partners.

 

· MPA Harvard University, BSc from LSE London School of Economics.

Lars Becker

Partner

· Former EY Strategy and Transactions Analyst, providing corporate finance solutions in strategic advisory, valuation, m&a, financial restructuring and due diligence.

 

· Previous experience at UBS and Deutsche Bank.

 

· Master in Finance from IE Business School.

 

· Double degree in Business Administration and Actuarial Science from URJC.

Daniel Largo
Analyst

· Previously Investment Associate at Sherpa Capital.

 

· Previous experience at BBVA and Amazon.

 

· Master's Degree in Industrial Engineering from ICAI (Universidad Pontificia Comillas)

Pablo Fernández
Associate

· Extensive experience in finance and management control.

 

· Previous experience as CFO and Client Operations Director at Jones Lang Lasalle, Bouygues and Carrefour, proven ability to implement action plans and process reengineering to improve the company performances.

 

· Degree in Business Administration from Universidad Autónoma de Madrid and MBA by IE.

Vanesa Valentín
CFO

· João has a strong background in M&A advisory services in the Portuguese and Spanish markets.

 

· João started his career at KPMG Portugal providing corporate finance and M&A advisory services and he has also worked at Alantra´s Credit Portfolio Advisory division. 


· João has a MSc in Management and Finance from Cass Business School and a BSc in Business Administration from Católica Lisbon School of Business and Economics.

João Oliveira
Associate

· Extensive private equity experience.

 

· Previously Investment Executive at Sherpa Capital.

 

· Previous experience at Ferrovial and Clearwater.

 

· Business Administration and Management Degree from Universidad de Navarra.

Íñigo Urbón

Director

· Extensive private equity experience.

 

· Previously Investment Associate at Sherpa Capital.

 

· Previous experience at H.I.G. Capital and McKinsey & Company.

 

· Business Administration Degree and MSc in Finance from ESADE Business School.

Jules de Meeûs
Associate

· Extensive private equity experience.

 

· Previously Investment Executive at Sherpa Capital.

 

· Previous experience as an Assistant Manager at Deloitte Corporate Finance, participating in M&A transactions, debt raising and restructuring transactions; and Garrigues, leading Spanish law firm.

 

· Double degree in Law and Business Management (taught in English) from Universidad Pablo de Olavide.

Ricardo Mellado
Vice President