08/10/2024

Henko Partners closes its second fund after raising €175 million

  • Henko Partners raises €175 million for its second fund (Henko Capital Partners II, FCRE) to support Spanish and Portuguese SMEs in their growth projects.

Madrid, October 7, 2024. – Less than three years after raising its first fund at the end of 2021, Henko Partners celebrated the final closing of its second fund at the €175 million hard cap. The firm’s €70 million 2021 maiden vehicle was invested across six portfolio companies, which in turn completed another fifteen add-on acquisitions to consolidate sub-sectors across energy, technology and healthcare.  Over the last three years, Henko has been one of the most active private equity firms in the lower-mid market in Iberia.

Henko now successfully closed its €175 million second fund, after announcing a €100m first close in February this year. The new fund will follow a similar investment strategy, targeting companies with EBITDA ranging from €2 million to €10 million across four key sectors: healthcare, technology, sustainability, and industrial technology. Henko’s mission is to back high-growth companies with strong management teams, very often supporting an international expansion of its portfolio companies. Henko fund II already has made two investments, Lisbon-based Link Consulting, an IT services firm, and the leading Portuguese engineering firm Quadrante. Both firms have already completed significant add-on acquisitions in Spain over the course of 2024.

Lars Becker, partner at Henko, said: “We are thrilled to welcome our new investors and deeply appreciate the trust and ongoing support of those who have supported us since inception. The final closing of our second fund is a significant milestone for us, and another step towards building an exciting investment firm. We remain committed to identifying exceptional companies and partnering with top-tier management teams.”

 

About Henko Capital Partners:

Henko Capital Partners is an independent private equity firm focused on supporting Spanish and Portuguese small and medium size companies in markets with long-term growth trends. Henko seeks to work with founders and management teams to develop high potential businesses. In partnership with the portfolio companies, Henko drives strategic initiatives and hands-on operational improvements. As entrepreneurs for entrepreneurs, the firm supports the portfolio companies to accelerate growth in a sustainable way. The team has extensive investment experience and a solid execution track-record with over 50 transactions closed in business services, manufacturing, technology, telecom, and healthcare. Henko Capital Partners is a responsible investor committed with strict environmental, social, and governance principles.


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· 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