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Operational Investors

Atena invests in Portuguese leaders with sustainable barriers to entry, with a penchant for industrial and business services companies with international potential. Given our experience, we are particularly inclined to pursue succession, carve-out and distress situations. Post-closing, our extensive in-house operational team works alongside the portfolio management teams supporting the development of ambitious international expansion, operational improvement or buy-and-build plans.

 

 

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 - Comissão do Mercado de Valores Mobiliários.

Independence, Execution, Candor

What we look for

Investment Criteria

  • Portuguese companies with Revenues of more than €10M, and EBITDA from negative up to €10M
  • Primarily industries 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 management teams in the design and implementation of truly transformational projects - in fact, two of the three Founding Partners have had significant line experience in Portuguese SMEs. In addition, Atena's Operating Partners, world-class senior executives who invest and work alongside the Founding Partners, strengthen our due diligence capacity and help to foster change at the portfolio level by "having done it before".

The investment team is complemented on-the-ground by Operating Executives fully dedicated to Atena's portfolio companies who act as interim managers when necessary. Atena is proud to also count with the support from Senior Advisors who are heavyweights in the Portuguese corporate world.

Management Company

Operating Executives

Current Investments

Divestments