You are here

Case Studies

Nazca is the ideal partner for those companies who are looking for experience and strategic, operational and financial support.

We are experts at giving solutions to family owned companies, in shareholding succession processes as well as in business development, going into partnership with their owners and management teams to make strategic and operations changes to accelerate growth.

Why do we stand out? We have proven experience in executing rapid and complex transactions, in growth projects (organic and add-ons), and in successfully selling our portfolio companies to industrial buyers. We are totally committed to our partners and managers, always on the basis of long-term trustful relationships.


Since our foundation we have maintained consistent and clear investment criteria when selecting investment opportunities:

Proven business model with a growth potential. Nazca invests in leading companies with a proven track record, sales between €30 and €200 million and attractive growth opportunities (organic growth, international expansion or consolidation processes).

Solid management teams. A professional and highly committed management team is key for the success of our investments. We believe in attractive incentive schemes, offering the possibility for managers to invest alongside Nazca.

Investment size. Nazca´s equity investment is in the range of €15 and €50 million through majority or significant minority stakes and using prudent leverage.

Generalist approach. We don’t invest in sectors but in attractive projects that are led by the best management teams.

Temporary investments. Our average holding period in our portfolio companies is from 3 to 5 years

Most of our investments have been made in family owned companies either acquiring them and incorporating a professional management team or partnering with the founding family. Our most frequent types of investments are:

 

Acquisition of shares to support management teams (MBO, MBI, BIMBO). We work closely with the management teams giving them strategic, financial and operational advice. Some of the transactions we have made include: Svenson, Vinartis, Lizarrán, El Derecho, Guzmán, IMO, Grupo OM, Fritta and Gestair.

Growth Capital in companies with growth plans, either through a majority stake or a significant minority. Examples of these transactions are: Rodilla, Dibaq, Hedonai, Eurekakids and Agromillora.

Add-ons / Build ups

We contribute with strategic and financial resources to allow the acquisition of other companies to generate synergies and reinforce the companies´ competitive position, such as the case of Logifrío, Sistemas, Acens and Unipost. 

 

Our approach is focused on generating value in our portfolio companies through:

Close relationship with management teams: Although we believe it is critical to guarantee management autonomy, our investment approach is active and very close, following the everyday activity of the companies.

Rapid and flexible in complex situations: We respond rapidly to investment opportunities and close transactions with tight calendars with total confidentiality. We stand out because of our experience to structure and close complex transactions, to negotiate with numerous shareholders or close various deals simultaneously.

Using prudent leverage, which allows our portfolio companies to invest in growth strategies, come through adverse economic situations and to carry out business plans successfully.

Leadership in Exit processes, after a detailed analysis of the alternatives that maximize value generation.

 

Responsible investment (ESG)

It is Nazca´s longstanding belief that responsible investment creates value in the real economy. On this basis, Nazca commits to integrate non-financial environmental, social and corporate governance (ESG) considerations as a core value-creation strategy from the initial companies’ screening stages, to the end of its investment life (i.e., from due diligence during the investment decision process, in the management of our portfolio companies and, finally, in the divestment process). Also, these criteria form part of our day to day in Nazca, and we integrate them in our relationship with our employees, investors, partners, clients and suppliers.

Nazca is a signatory of the United Nations Principles for Responsible Investment (UN PRI). UN PRI is an international network of investors working together to put the Principles for Responsible Investment into practice. Its goal is to understand the implications of sustainability for investors and support signatories to incorporate these issues into their investment decision making and ownership practices.

Please click here to access to Nazca’s Responsible Investment Policy, and here if you wish to obtain more information on the UN PRI.

Our Case Studies