29/06/2022

Voltan consolidates its position as a commissioning specialist with the acquisition of Aplipem

  • Voltan, an international group focused on energy transition and renewable energies, accelerates its growth following the acquisition of Aplipem, a leading electrical and instrumentation & control (I&C) commissioning specialist

Zaragoza/A Coruña, June 29th, 2022. – Voltan, the Spanish technical services group specialized in the energy industry backed by Henko Partners, is integrating Aplipem to complement its commissioning business unit. With this strategic transaction, Voltan is consolidating its position as a full-service commissioning provider.

Aplipem offers a portfolio of highly specialized electrical services in the assembly and start-up phase of power generation plants, as well as in the transmission and distribution infrastructure. The service offering includes engineering, testing, inspection, commissioning, and operation & maintenance (“O&M”). Outside of Spain, the Company has executed projects in more than 10 countries across South America and the Middle East.

This is the third acquisition by Henko Partners in its buy-and-build strategy Voltan, after the acquisition of MMYPEM and Teiga TMI in 2021.

Francisco Villarino, founder and CEO of Aplipem, will take over Voltan’s commissioning business unit. He has over 20 years of experience in the energy sector and has held several senior positions at leading companies in the sector, such as OHL and Técnicas Reunidas.

According to Francisco Villarino, “the Company is in a great position to take advantage of the growth in renewables and energy infrastructure projects. And we see a strong fit between Voltan’s portfolio of services and ours. We are convinced that our new joint capabilities and strong market reputation will further accelerate the growth of Voltan.”

Bird & Bird advised Voltan on this transaction.

About Voltan:

Voltan, based in Galicia, was founded in 2021 through the integration of MMYPEM and Teiga TMI. The group offers a wide spectrum of technical services focused on the energy industry, such as hydroelectric, solar-thermal, natural gas and green hydrogen plants which cover the entire asset life cycle. In addition to its activity in Spain, the group has subsidiaries in the UK, Germany, Israel, Peru, Chile and Panama and is executing projects globally.

About Henko Capital Partners:

Henko Capital Partners is an independent private equity investor focused on supporting outstanding Spanish and Portuguese mid-cap companies in markets with long-term growth trends. The firm partners with strong entrepreneurs and management teams to develop successful businesses and actively engages with its portfolio companies to execute long-term growth plans. As entrepreneurs for entrepreneurs, Henko aims to support companies to accelerate growth and transform into more resilient and sustainable businesses. The team has over 25 years of investment experience and a strong execution track-record with over 30 closed transactions. Henko is a responsible investor committed to strict environmental, social, and good governance principles. We aim to contribute to the long-term success of our investors and to a sustainable society.


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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