Atena Equity Partners
Operational Investors
Investment Strategy
We invest in high-quality portuguese businesses with ambitious growth, succession or restructuring plans
Operational Foundation
Significant in-house operational experience enables better investment decisions and truly transformational projects
Culture
Independence, Candor, Merit
ESG
As long-term investors, we hold that a focus on ESG throughout the investment lifecycle allows us to better identify investment risks and value creation opportunities
Operational Investors
Our Investment Strategy
Atena invests in high-quality Portuguese companies with ambitious growth, succession or restructuring plans. Atena has substantial experience investing in control-oriented equity and distressed debt instruments, adapting each deal structure to the needs of the seller and the stabilization of the company. Atena’s in-house portfolio development team works closely with the target company’s management team from day one to define and implement transformational projects.
Our businesses
Since its foundation in 2014, Atena invested essentially in threesectors: Industrials, Healthcare and Business Services. Together they represented more than 300M€ in sales, with over half abroad, and more than 2500 people. We have experience with exporting to more than 40 countries, with local presence in Portugal, Spain, Poland, Brazil, Algeria, Mozambique and Cameroon.
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. Above all, we all share the same culture of Independence, Candor and Merit.
Our Funds
Atena raised its first Atena I fund in 2014 and is currently investing its third fund raised in 2024. Atena's funds under management have as ultimate beneficiaries its management team and several international (European and US) institutions. 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
- Will consider any sector, including Real Estate intensive businesses
- Acquisition of controlling interests, ideally with a significant co-investment by the management team
Target Situations
- Family-owned companies facing succession issues
- Buy-and-builds
- 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. Our Founding Partners have significant line experience in Portuguese SMEs and we count today with in-house dedicated Transactions and Portfolio Development teams.
Management Company
Environmental, Social and Governance
Until recently, Atena did not market or manage funds that directly promoted environmental or social characteristics nor those aimed at sustainable investments. In the end of 2023, Atena launched its Fund III, currently in fundraising, an Article 8 Fund that promotes environmental or social characteristics but not sustainable investments.
We firmly believe ESG-driven decisions by consumers and governments worldwide have a material impact on the success of our investment mandates. Therefore, as long-term investors, we hold that a focus on ESG throughout the investment lifecycle allows us to better identify investment risks and value creation opportunities.
In 2024, we published our first Sustainability Report, referring to 2023.
Furthermore, as part of our ESG commitment, we are active signatories and promoters of the United Nations-backed Principles for Responsible Investment.
[EU Sustainable Finance Disclosure Regulation - download PDF]
ATENA’S 4 PRINCIPLES FOR RESPONSIBLE INVESTMENT ARE:
- Climate Centric:
We are focused on optimizing climate impact and committed to continuously improving our operations, aiming to neutralize our carbon footprint and reduce negative environmental impacts - Transparent Reporting:
We are committed to actively reporting on our ESG matters, following best international practices - Inclusion Focused Governance:
We foster gender equality and non-discrimination; We share best practices, provide adequate resources and training to management teams - Sector Sensitive Capital Allocation:
We do not invest in sectors that have a negative impact to society, among others: weapons, gambling, tobacco industries or companies associated with fraudulent practices
Latest Atena Sponsored Initiatives:
Obra Social Madre Maria Clara (OSMMAC)
Donors to the OSMMAC, an organization focused on promoting infant inclusion and education, and preventing elderly isolation in Portugal.
Associação Abraçar São Tomé e Príncipe
Donor to an organization that actively works to support the local São Tomé e Príncipe community, contributing through multiple initiatives such as education, professional formation and construction.
Partnership between ISCTE’s Executive MBA candidates, INDEG ISCTE, and Void
Sponsored the Crowdfunding campaign to cover the annual costs of four children from “Casa Acreditar de Lisboa”, focused on supporting child cancer. Atena doubled all donations from both individual and corporate donors, surpassing the required funding.