10/12/2021

Henko Capital Partners I, FCR launches a technical services platform for the energy sector

  • The new Spanish private equity firm launches a platform with the purpose of creating an international engineering and technical services group focused on the energy transition and the digitization of the energy sector.

Madrid, December 10, 2021. – Henko Capital Partners, a Spanish private equity firm, acquires MMYPEM and Teiga-TMI, creating a new international engineering and technical services group focused on energy transition and digitalization through a “buy & build” or consolidation process.

The group’s value proposition seeks to offer a comprehensive portfolio of services covering all technical specialties throughout the different phases of an asset’s life cycle, specializing in renewable energy generation and transmission assets and energy transition, such as hydroelectric, solar thermal, wind or green hydrogen plants. In addition to its business in Spain and Portugal, the group already has a permanent presence in Israel, Chile, Peru and Panama, and is executing projects in several countries in Europe, South America and Africa.

The long-term objective is to enhance international expansion, combine the strengths of the companies to be integrated to optimize project execution and further strengthen its position in the respective services through new acquisitions. In addition, the group will seek to integrate new technologies into its portfolio of services, thus responding to the growing need for digitalization.

This process of sector consolidation is reinforced by the beginning of a strong expansionary investment cycle at international level, especially in renewable energies with the aim of replacing technologies with a higher carbon footprint. In addition, the sector is also going through a strong period of investment and replacement of the so-called transition technologies, which allow covering and guaranteeing energy supply in climatic situations that are not favorable to renewables and with limited environmental impact.

The project will be led by Santiago Romero, Pedro Fernández and Oscar Varela, executives with more than 60 years of accumulated experience in the energy sector. In addition, the group will be supported by Ramón Oliver, an executive with extensive experience as a director of several companies in the sector, who will act as chairman of the group.

These are the first two investments of Henko Capital Partners I, which reached a final closing of €70 million at the end of this year. A fund that seeks stakes in SMEs with growth projects and transformational challenges in companies that have a B2B model, both in services and in manufacturing and technology.

For Lars Becker, partner at Henko Partners, “because of their growth potential, unique positioning and strong management teams, MMYPEM and Teiga-TMI fit perfectly with our project to create a multidisciplinary platform in the area of industrial services for the energy sector. Our goal is to help the teams crystallize synergies both geographically and in terms of service portfolio complementarity, as well as in the acquisition of new companies that will allow the group to cover more specialties.”

Bird & Bird and Baker Tilly have advised Henko Capital Partners on these transactions, while BDO and Garrigues have advised the sellers of MMYPEM and Auren Corporate and Araoz & Rueda have advised the sellers of Teiga-TMI.

About MMYPEM and Teiga-TMI:

MMYPEM, based in As Pontes (A Coruña), has more than 20 years of experience and was founded as an independent company specialized in commissioning services for power generation plants and has since executed more than 160 projects in 15 countries.

Teiga-TMI is a company based in Bergondo (A Coruña) with more than 30 years of experience in electrical and mechanical services mainly for the energy and industrial sector having executed more than 200 projects with a wide international experience.

About Henko Capital Partners:

Henko Capital Partners is an independent private equity firm focused on supporting Spanish and Portuguese SMEs in markets with long-term growth trends. The strategy is to work with entrepreneurs and management teams to develop high potential businesses. In collaboration with companies, the firm drives strategic initiatives and practical operational improvements. As entrepreneurs for entrepreneurs, the firm supports companies to accelerate their growth and transform themselves into more resilient and sustainable businesses. Our team has extensive investment experience and a strong execution track record with more than 30 closed transactions in business services, manufacturing, technology, telecommunications and healthcare. Henko Partners is a responsible investor committed to strict environmental, social and governance principles.


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Press coverage

El Confidencial
Europapress
Periódico de la Energía
Web Capital Riesgo
Investing
La voz de Galicia
Noticias de Gipuzkoa

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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