Nazca appoints two new partners and successfully completes its reorganisation as a multi-fund manager
- Ramón Garnica and Emilio Manchón, with ten years of experience at NAZCA, are appointed partners of the firm.
- During 2019 NAZCA established Fund V to attend to the segment of smaller sized SMEs, maintaining the investment activity of Fund IV in parallel, and completed 7 transactions.
- The NAZCA team grew in 2019, with the signing of 6 new professionals and the incorporation of Olga San Jacinto from Google, specialised in digital transformation, to the Industrial Advisory Board.
Madrid, 24th of January 2020. NAZCA CAPITAL, a company focused on investing in non-listed Spanish small and medium sized businesses, has appointed Ramón Garnica and Emilio Manchón as partners of the firm. The two new partners have 10 years of experience at NAZCA and are joining the team of partners of the firm led by Carlos Carbó and Álvaro Mariátegui, founders of NAZCA, and Carlos Pérez de Jáuregui, Celia Pérez-Beato, Ignacio Portela, Daniel Pascual and Juan López de Novales.
In addition to these two appointments, NAZCA has expanded its team with the signing of six new professionals during 2019, the firm now being made up of 33 professionals. Additionally, its capacity in the digital area has been reinforced with the incorporation of Olga San Jacinto on the NAZCA Industrial Advisory Board made up of eight executives from different business environments, with experience in a large number of sectors.
2019 has been a record year for NAZCA, during which it has completed its transformation into a multi-fund private equity manager after establishing Fund V (150 million euros) to attend to the segment of smaller sized SMEs, combining its activity with Fund IV established in 2016 (275 million euros) for investments in larger sized companies, both funds encompassing a wide range of investment from 7 to 80 million euros. During 2019, NAZCA also completed 7 transactions:
- First investment of Fund V: Cinelux, leader of lighting hire services in Spain for entertainment, theatre, cinema and events.
- Two new investments and an add-on in Fund IV with 60% of resources raised no invested: (i) shareholding of One Shot Hotels (3rd largest independent chain in the Lifestyle niche in Spain); (ii) acquisition from Grupo Ferrer of its shareholding in Diater (pioneering Spanish biopharmaceutical company in the sector of treatment of allergies with immunotherapy); (iii) strengthening of leadership of Phibo in the dental prosthesis and implant sector with the acquisition of Sineldent.
- Divestment process of Fund III (2010) with the sale of Gestair (leader in executive aviation in Spain) and Grupo OM (Visual Merchandising).
Ramón Garnica
Ramón Garnica joined Nazca in 2010. He is currently the head of Fund V, participating in the generation, analysis and execution of investment opportunities and in the management of portfolio investments. Ramón has over 10 years of experience in the private equity sector and is a member of the board of Distribuciones Juan Luna and Cinelux, and has participated in operations with Fritta, Grupo OM and Hedonai.
Emilio Manchón
Emilio Manchón joined Nazca in 2011. He is currently the head of Fund IV, participating in the generation, analysis and execution of investment opportunities and in the management of portfolio investments. Emilio has over 10 years of experience in the private equity sector and is a member of the management board of Herbex and has participated in operations with Gestair, Agromillora and El Granero Integral.
Olga San Jacinto
Olga San Jacinto has extensive experience in the management and development of digital businesses, notably with 14 years at Alphabet-Google as Strategy and Business Manager of Google America, Monetisation Manager of Google Maps and Manager of the Europe Division; as well as participation as (i) independent advisor in different industries (financial and industrial); (ii) Private Equity advisor in Silicon Valley and (iii) founder of the Seed Capital fund.
About Nazca
Nazca is a private equity fund manager specialised in the Spanish middle market. Nazca leads its market segment, both in volume of operations carried out and profitability obtained in its investments. Since 2001, Nazca has fully invested Funds I, II and III with sizes of 100, 150 and 230 million euros respectively, having carried out 69 transactions: 30 direct investments in companies, 19 additional acquisitions of companies from its investees and 20 divestments.
It currently simultaneously manages Nazca Fund IV with 275 million euros and Nazca Fund V with 150 million euros for investment in smaller sized SMEs, both funds mainly made up of international institutional investors. Nazca has a portfolio of 10 companies: FoodBox (Catering), Distribuciones Juan Luna (Food), Caiba (PET containers), McBath (Resin Shower Trays), Phibo (Dental Implants and Prostheses), Herbex (Fresh Aromatic Herbs), Terratest (Special foundations and tunnels), Diater (Biopharmacy), Cinelux (Cinema and Entertainment Services) and One Shot Hotels (Hotels). The companies from which Nazca has divested are: Svenson, Rodilla, Dibaq, Unipost, Vinartis, Lizarrán, El Derecho, Guzmán, Acens, Hedonai, Elogos, Fritta, Autor, IMOncology, Logifrío, Agromillora, El Granero Integral, Eurekakids, Gestair and Grupo OM.