ESADE Alumni cordially invites you to the Venture Capital Forum in Madrid, where we will be joined by Dominique Barthel, General Manager of ASCRI; Jordi Bricio (MBA 01), Managing Partner of PHI Industrial Acquisitions, and Eduardo Navarro, Founding Partner and Executive Chairman of Sherpa Capital.
Venture capital funds have traditionally been earmarked for investing in early-stage, expansion-stage or high-growth companies. In other words, problem-free companies with a high growth potential or with steady cash flow – in the case of leveraged buyouts, which enable the debt to be returned.
In the US, and certain European countries, so-called restructuring funds have existed for some years now. These funds are used to buy out high-potential companies which, nonetheless, are in touch-and-go situations that pose a threat to their future existence. Often, but not exclusively, these problems are of a financial nature and are reflected by an inadequate balance structure and even bankruptcy proceedings. These funds allow for company turnaround and ensure future operation.
Lately in Spain some of these international funds have been introduced. Turnaround companies specialise in critical situations and also take great risks, as the initial trigger is particularly dire. At this session of the ESADE Venture Capital Forum we will be joined by partners from two of Spain's turnaround market leaders: PHI Industrial Acquisitions, which recently acquired the Spanish subsidiary of SPIE Ibérica de Mantenimiento y Montaje, and Sherpa Capital, which bought out KA International, a well-known interior decoration retailer with stores across Spain.
Programme:
Welcome speech: Luisa Alemany, Director of the ESADE Entrepreneurship Institute and Professor of the ESADE Department of Financial Management and Control
Speakers: Dominique Barthel, General Manager of ASCRI Jordi Bricio (MBA 01), Managing Partner of PHI Industrial Acquisitions Eduardo Navarro, Chairman of Sherpa Capital
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