{"id":2523,"date":"2025-05-06T10:09:14","date_gmt":"2025-05-06T10:09:14","guid":{"rendered":"https:\/\/dev.altercapital.es\/?page_id=2523"},"modified":"2025-11-28T12:33:19","modified_gmt":"2025-11-28T12:33:19","slug":"empresas-andaluzas","status":"publish","type":"page","link":"https:\/\/www.altercapital.es\/en\/empresas-andaluzas\/","title":{"rendered":"Empresas Andaluzas"},"content":{"rendered":"
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\"Alter Capital selects Andalusian companies to invest \u20ac100 million by 2024\"<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Alter Capital prepara un nuevo fondo para invertir hasta 100 millones en pymes andaluzas
<\/strong>\nAlter Capital, the first private equity management firm to be established in Andalusia, is working on the launch of a new fund for which it already has a portfolio of 70 Andalusian companies in which it plans to invest up to \u20ac100 million over the 2023 and 2024 financial years.\nThis was confirmed to this newspaper by its majority partner, \u00c1ngel Gonz\u00e1lez Bravo, who noted that \u201cthese are already pre-identified opportunities\u201d in which the firm can begin investing as soon as the new investment vehicle currently under development is formally constituted.
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Acquisition by \u00c1ngel Gonz\u00e1lez Bravo and Consolidation in Andalusia
<\/strong>\nAlter Capital was founded in Catalonia in 2000, as a venture capital manager specializing in regional investment funds.
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Gonz\u00e1lez Bravo acquired the firm in 2013 and relocated its registered office to Seville, thereby positioning it as a specialist in private equity investment within the autonomous community. One of the pre-existing partners, Juan Enrique Mart\u00ednez de Tejada Domenech, chose to remain in the project with a minority stake in the management company. The majority partner already had extensive sector experience, having developed his professional career at Ahorro Corporaci\u00f3n Desarrollo, the savings banks\u2019 investment fund, which in Andalusia held stakes in companies such as Pers\u00e1n and Cervezas Alhambra.
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Since the relocation of Alter Capital to Seville, the management firm has overseen two funds established by the IDEA Agency and a third promoted by the Instituto de Cr\u00e9dito Oficial (ICO), the latter launched last year with nationwide scope.
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Performance of the Alter Cap II Fund: Clever Global, Cl\u00ednica de la Salud, and Dental Company<\/strong>
\nThe first fund awarded to the Seville-based management firm by the Agencia IDEA, known as Alter Cap II, invested in three Andalusian SMEs: Clever Global, Cl\u00ednica de la Salud, and Dental Company. This portfolio was later acquired by the British fund Headway, which injected an additional \u20ac10 million into the three companies on top of the initial acquisition and decided to keep Alter Capital as the portfolio manager.
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Of the three, Alter Capital currently retains two, since the C\u00e1diz-based clinic was sold to the healthcare group HLA after a period of investment and asset enhancement that met the established return expectations. Clever Global closed 2022 with revenues of \u20ac8.5 million and an EBITDA of \u20ac2.7 million. Dental Company generated \u20ac44 million in revenue across its network of dental clinics, 55% of which are owned centers and 45% franchised. The franchisor company posted an EBITDA of \u20ac2.7 million.
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Alter Cap Andaluc\u00eda: Investments in Kampaoh, Wuolah, and El Tortill\u00f3n<\/strong>\nThe firm was also awarded a second fund promoted by the Regional Government of Andalusia through the Agencia IDEA, structured with \u20ac10 million of public capital and an additional \u20ac5 million from private investors. This fund, Alter Cap Andaluc\u00eda, has likewise invested in three companies: Kampaoh \u2013 the national leader in nature-based tourist accommodation; Wuolah \u2013 a university notes-sharing and training platform with 500,000 monthly users; El Tortill\u00f3n \u2013 a prepared-food manufacturer based in Palma del R\u00edo, supplying major retail chains such as Carrefour, Grupo MAS, Covir\u00e1n, and El Jam\u00f3n.
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The fund is about to close a fourth investment. So far it has covered 50% of its capital and has selected opportunities to cover 100% of the investment before the end of this year.
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Alter Cap Ventures: National Fund Backed by ICO<\/strong>
\nSince mid-2022, the firm has managed Alter Cap Ventures, a national fund backed by the Instituto de Cr\u00e9dito Oficial (ICO) to support SMEs across Spain. The vehicle was established with \u20ac34 million, split 50\/50 between ICO and several family offices. A second closing is underway to expand the fund size to \u20ac50 million.
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The first investment of this fund has been precisely in Kampaoh, an Andalusian SME to which it has granted a participatory loan of five million, in a round that in total reached 10 million.
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Alter Capital\u2019s Expansion: Madrid Office and Team Growth
<\/strong>\nThe constitution of this national fund led Alter Capital to open an office also in Madrid, on Serrano Street. The manager currently has 12 employees - nine in Seville and three in Madrid - a figure that it plans to expand with the constitution of a fourth fund for which it already has a portfolio of 70 Andalusian SMEs in which to invest up to 100 million between 2023 and 2024.
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Fuente: https:\/\/www.diariodesevilla.es\/economia\/Alter-Capital-selecciona-empresas-andaluzas_0_1766225626.html\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

\u00abAlter Capital selecciona empresas andaluzas para invertir 100 millones hasta 2024\u00bb Alter Capital prepara un nuevo fondo para invertir hasta 100 millones en pymes andaluzas La gestora de capital riesgo Alter Capital, la primera de este tipo que se radic\u00f3 en Andaluc\u00eda, trabaja en el lanzamiento de un nuevo fondo para el que ya cuenta […]<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-2523","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/pages\/2523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/comments?post=2523"}],"version-history":[{"count":16,"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/pages\/2523\/revisions"}],"predecessor-version":[{"id":3482,"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/pages\/2523\/revisions\/3482"}],"wp:attachment":[{"href":"https:\/\/www.altercapital.es\/en\/wp-json\/wp\/v2\/media?parent=2523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}