Please note, your browser is out of date.
For a good browsing experience we recommend using the latest version of Chrome, Firefox, Safari, Opera or Internet Explorer.

Operational Investors

Our Strategy

Atena invests in Portuguese leaders with sustainable barriers to entry, with significant experience in industrial and business services companies with international potential. We pursue complex situations such as successions, carve-outs and restructurings, for which our flexible investment mandate and deep in-house operational resources are critical. Post-closing, our team works alongside the portfolio management teams supporting the development of ambitious international expansion, operational improvement and buy-and-build plans. 

 

Our Culture

Independence, Execution, Candor: we are proud to be independent thinkers who speak openly and are not afraid of stepping in if necessary.

 

Our Team

Atena was founded on the premise that it is crucial to have in-house operational experience to make sounder investment decisions and to support the portfolio management teams in the design and implementation of truly transformational projects. Today we count with one of largest teams in Portugal and we maintain the same philosophy: M&A professionals working together with Operating professionals from deal origination until exit.

 

Our Investors

Atena's funds under management have as ultimate beneficiaries its management team (with a significant share) and several European and US institutions in a syndicate that includes Foundations, Universities, Insurance companies and Pension funds. Atena Equity Partners and its funds under management are authorised and regulated by the CMVM.

 

 

What we look for

Investment Criteria

  • Portuguese companies with Revenues of more than €10M, profitable or loss-making
  • Industrials and Business Services with international potential, but will consider any sector except Real Estate
  • Strong barriers to entry: brands, regulatory barriers, cost advantages, high client switching costs
  • Acquisition of controlling stakes, ideally with a significant co-investment by the management team

Target Situations

  • Buy-and-build strategies
  • Family-owned companies facing succession issues
  • Operational and financial restructurings
  • Carve-outs of non-core businesses

Our Team

Atena was founded on the premise that it is crucial to have in-house operational experience to make sounder investment decisions and to support the portfolio management teams in the design and implementation of truly transformational projects. Two of the three Founding Partners have had significant line experience in Portuguese SMEs and our Operating Partners, world-class senior executives who invest and work alongside Atena's investment team, strengthen our due diligence capacity and help to foster change at the portfolio level by "having done it before".

Atena has also developed a network of Operating Executives who are affected to its fund's portfolio companies as interim executive managers when necessary, and with the consultive support from Senior Advisors who are heavyweights in the Portuguese corporate world.

Management Company

Current Investments

Divestments