Black Toro Capital is a private equity group focused on providing flexible capital solutions for mid-sized companies in Spain by structuring investments throughout the capital structure. BTC looks to partner up with exiting owners and stakeholders of companies with viable and proven business models undergoing financial and liquidity constraints as well as strategic leadership and ownership misalignments.


Black Toro Capital, together with existing shareholders and incumbent management, defines and implements a strategy to delever and stabilize these companies´ balance sheet and return them to long term profitability.


The Partnership and Control investing approach allows Black Toro Capital to agree on a strategic plan focusing on stability and predefine BTC´s path to exit through the capital markets or other strategic alternatives. BTC partners with existing owners and key decision makers to help ensure natural owners retain long-term ownership and materialize the companies´ growth potential.


  • Area of Activity
  • Private Equity Investors in Computer Software and Hardware
  • Private Equity Investors in Industrial Products sector
  • Private Equity Investors in Consumer products sector
  • Private Equity Investors in Energy sector
  • Private Equity Investors in Building, Construction and Real Estate
  • Private Equity Investors in Transport and Logistics
  • Private Equity Investors in Telecom indsustry
  • Private Equity Investors in Technology
  • Private Equity Investors in Health and Medical sector
  • Private Equity Investors in Chemical sector and Plastic materials
  • Private Equity Investors in Environment and Natural Resources
  • Private Equity Investors in Electronics sector
  • Private Equity Investors in Automobile, Industrial sector and Robotics
  • Private Equity Investors in Food and Beverages industry
  • Private Equity Investors in Agriculture, Livestock and Fishing
  • Private Equity sector
  • Private Equity Investors in Multimedia business
  • Private Equity Investors in Tourism, Hospitality and Leisure
  • Private Equity Investors in Consumer Services
  • Private Equity Investors in Industrial Services
  • Private Equity Investors in Media, Press and Communications Sector
  • Private Equity Investors in Internet and technological companies
  • Private Equity Investors in Biotechnology
  • Private Equity Investors in Banking and Financial Services
  • Company type
  • Private Equity
Office
Avda Diagonal 640, 3º E
Barcelona, Barcelona 08017, ES
P: +34 93 252 08 89
E: info@blacktorocapital.com
Office
Serrano 66, 6ª
Madrid, Madrid 28001 , ES
P: +34 914 362 827
Office
26 Cadogan Square
London , London SW1XOJP , ES
P: +44 (0) 207 2456954
Office
8° Rue de la Foire
Luxembourg , Luxembourg 1528 , LU
P:
E: info@blacktorocapital.com

Investment Team
Ramón Betolaza. Managing Partner
Ignacio Foncillas. Partner
Jose Manuel de la Infiesta. Partner & Head of IR
Carlos Tusquets. Partner
Juan Molins. Operating Partner
Enrique Sanz. Portfolio Manager
Antoni Macià. Principal
Isaac de la Huerta. Principal
Juan Naranjo. Associate
Victoria Gago. Analyst
Alvaro Rodriguez. Analyst
Senior Advisors
Gustiaman Deru
Josep Soler
Jose Maria Carballo
Enrique Arriola
http://blacktorocapital.com/our-team/

We identify companies in need of liquidity, financial restructuring and strategic leadership, with viable and proven business models. We define and implement a strategy to de-lever and stabilize these companies’ balance sheets and return them to long term profitability working with incumbent management and existing shareholders, wherever possible.

Once we have invested in a company, we provide considerable support to Portfolio Companies by assisting with strategy, management and board composition, and optimizing the capital structure. We have significant experience in this area, especially as regards the skills of providing strategic advice and leadership in complex and uncertain situations, as well as unrivaled execution skills. Furthermore, our ability to monitor and constantly review, revise and adapt the strategy in a changing environment, whilst providing the financial stability required for a successful implementation of the new strategy, inures to the benefit of each Portfolio Company.


Our founding partners, Ramon Betolaza and Ignacio Foncillas have over 30 combined years’ experience in distressed for control and activist special situations investing globally. We have a proven capability in investing in complex, large and medium-sized distressed, restructuring and recovery situations by leveraging their knowledge and their professional relationships. The founding partners bring with them track records demonstrating their ability to operate successfully in the imperfect information environment typical in distressed situations.

Black Toro Capital Fund focuses on the rescue, stabilisation and growth of mid-sized companies in Spain with viable and proven business models, that were undergoing financial and liquidity constraints as well as /or strategic leadership and ownership misalignments before Black Toro invested on them.


The Partnership and Control investing approach allows BTC to exercise positive and effective control during the investment period, agree on a strategic plan focusing on stability and pre-define BTC’s path to exit.

Black Toro Capital