HCapital Partners

HCapital Partners operates as an independent private equity firm exclusively focused on the Iberian middle market, with complete ownership residing with its management team. The firm specializes in providing strategic capital and expertise to companies navigating critical growth phases, international expansion initiatives, and shareholder restructuring processes. With a hands-on investment approach, HCapital collaborates closely with portfolio companies to identify and execute value-creation opportunities while maintaining the operational integrity of each business.

The investment strategy at HCapital centers on identifying established businesses with strong market positions and significant growth potential within Spain and Portugal. Their typical investment targets include companies with proven business models, sustainable competitive advantages, and annual revenues typically ranging between €20-200 million. The firm maintains a sector-agnostic approach, though it has developed particular expertise in consumer goods, industrial manufacturing, business services, and technology-enabled companies with defensible market positions.

Beyond mere financial backing, HCapital distinguishes itself through active partnership with management teams, providing strategic guidance and operational support to drive sustainable growth. The firm's professionals engage in regular strategic discussions with portfolio company leadership, helping to refine business models, identify expansion opportunities, and implement operational improvements. This collaborative approach has enabled HCapital to build a reputation for successfully transforming regional champions into international competitors while generating attractive returns for investors.

HCapital typically structures its investments as majority or significant minority positions, allowing for meaningful influence on strategic decisions while empowering management teams to execute day-to-day operations. The firm's investment horizon generally spans 4-7 years, providing adequate time to implement value-creation initiatives and achieve sustainable growth objectives. With a strong track record of successful exits through various channels including strategic sales and secondary buyouts, HCapital has established itself as a trusted partner for Iberian entrepreneurs seeking both capital and expertise to take their businesses to the next level of development.