About us
“International investors since 1996”
We are a fully independent private equity firm focused on lower mid-market investments typically in Spain contributing capital and strategic guidance.
The management team of Avior Capital has been active in the Spanish and European private equity markets since 1996 in first class international firms.
We have extensive experience in investments in a variety of industries, situations, countries, development phases and debt and equity instruments.
The professionals of Avior, have developed for more than 20 years solid professional relationships with a great variety of businessmen, advisors and
professional services providers at national and international level, which are part of our added value when it comes to identifying and creating value in our investments.
Senior Team
Felipe Moreno
Borja del Olmo
Rafael Porras
What we do
“We invest to develop companies that can generate value and create sustainble wealth and employment”
We invest in companies with a proven business model, in a growing market, with good management team and a solid growth opportunity
We invest to develop them and make them grow with the ultimate goal of creating more solid companies, of strategic value and capable of generating employment and wealth in the medium and long term
We focus on the creation of value in several dimensions:
Organic and by acquisitions growth, domestic and international
Sector consolidation
Improvement of operational efficiency
Strengthening of the organizational structure
Digital transformation
How we work
“We support management teams in the transformation of their businesses and the value creation process”
We are not company managers - we collaborate with the management teams in identifying the strategic development opportunities, facilitate the implementation of the defined investment theses and provide an extensive network of national and international contacts
We are involved from the beginning of the investment, helping to outline the business plan on which the investment is based
Once the investment is made, we collaborate as shareholders with the management teams to generate value:
Supporting management and supervising the value creation from the Board of Directors
Facilitating the implementation of investment measures and theses defined
Our Strengths
Seasoned and cohesive team
Selective focus and rigorous approach
Growth and value creation oriented
Flexible and entrepreneurial
International perspective and experience
Lond term partners
Responsible investors
Avior plans to be a signatory to the United Nations Principles for Responsible Investment ("UN PRI")
By incorporating these principles, the Firm publicly undertakes to demonstrate its commitment to adopting relevant environmental, social and governance issues into its decision-making and ownership practices
Investment strategy
- Cash-generative companies, with a solid business model and a compelling untapped growth potential, underpinned by broad favourable sector trends
- Revenue €15-75 million
- EBITDA €3-10 million
- Consumer
- Business Services
- Manufacturing and Industrials
- Others opportunistically
Excluded: real estate, infrastructure, financial services, tech, software, pharma
- Provide strategic guidance and capital for growth
- Pursue growth opportunities organically and/or through acquisitions
- Address managerial and organizational challenges
- Digital transformation
- Family businesses
- Growth capital
- MBOs/MBIs
- Failed processes
- Complex shareholding situations
- Carve-outs
- €10-25 million, above with co-investment
- Equity or quasi-equity; replacement or growth capital
- Majorities are preferred but open to significant minorities with relevant protections
- Flexible but typically 4-6 years
