Alantra launches private debt manager with John Riberas
The businessman, through his “family office,” acquires a 17.5% stake in the new company. The new capital will allow Alantra to accelerate the growth of the business, which is open even to corporate operations.
A new stage for Alantra. From the hands of a famous Spanish businessman Juan Maria (Jon) Riberas Merathe organization, chaired by Santiago Egidazu, created Alantra Private Debt Investment ManagersA a new manager to help the company consolidate all of its private debt strategies into a single structure of which Riberas acquires a strategic share of 17.5%.
River banksvice president gestamp and the president Gonwarryperformed the operation through increase in capital into which Ion-Ion entered, his family office. He is therefore joining Alantra Private Debt Investment Managers as a minority investor, with the aim of providing it with the injection and support it needs to accelerate its pan-European expansion.
“The agreement represents an important milestone for Alantra in its development. Alternative asset managementwhich aims to replicate the expansion achieved by the investment banking division by diversifying, expanding and improving its presence in Europe,” says Alantra.
Direct investment
John Riberas is expanding his agreement with Alantra to invest directly in the firm’s strategy. Thus, Ion-Ion becomes not only a minority partner, but also an anchor investor in the funds.
Alantra private debt It has Alteraliawhich specializes in long-term direct loans to businesses; Indigo Capital, which offers flexible capital solutions to private companies that wish to reorganize their shareholders or have significant financing needs for their growth; And Real estate debt which focuses on flexible, long-term financing for real estate companies spanning subsectors from hotels and offices to logistics, student accommodation and self-storage.
In addition, according to sources familiar with the agreement, Ion-Ion also participates in new strategies that the manager may develop to expand its offering.
In fact, simultaneously with the signing of the agreement, Alantra has launched its new Credit Opportunities (Alco) strategy, which offers flexible financing options to companies from all sectors of Southern Europe in challenging situations. or who needs shorter deadlines. This product also has investment from Riberas, which is key to obtaining the necessary funds to launch it.
Looking to the future, it is possible that growth will be both organic and inorganic. – through the acquisition of other companies or teams – and will allow the newly created company to make a leap in size and quality, as well as expand its product catalog.
Mutual
For this new agreement, Alantra looked into the mirror of the operation with Mutual. The insurance group became a strategic partner of the enterprise chaired by Santiago Egidazu, acquiring a 20% stake in Alantra Asset Management in 2020. shortly before the start of the pandemic.
Wherein, Alantra received €45 million, allowing it to vigorously advance its growth and diversification strategy. However, today The purchase price for Riberas was not disclosed.
The new manager is part of the company’s business Alantra AMdirector Jacobo Llansawhich makes Mutua also his owner.
Responsible for Alantra private debt are Luis Felipe Castellanos, Jaime Cano, Alberto Pierotti and Monique Deloirewhich also retain a percentage of the capital of the structure.
In addition to the new partner, with the creation of a management company, Alantra manages to centralize its private debt efforts, which until now have been divided into different companies. This process includes another step in the reorganization of the group, who is engaged, as EXPANSIÓN reports, to merge its various businesses after many years of international growth.
In the private debt segment, Alantra has a significant track record focused on offer solutions to the needs of mid-sized companies, which to date have received more than 2,000 million euros in funding in five countries another.
Total for the new manager 20 professionals who work from their offices in Paris, Milan and Madrid and integrate Indigo Capital, in which Alantra owns 49%.
John Riberas is a very active and highly diversified investor.
John Riberas heads Gonvarri Industries, a firm also owned by his brother Francisco José that produces steel for sectors such as photovoltaics, automobiles and industrial storage, among other things. Both own 50% of Acek Desarrollo y Gestión Industrial, a family company that directly controls 13% of Gonvarri and 41% of the Gonvarri portfolio, which in turn owns 51% of the industrial company. In addition, Acek also owns 75% of Spanish auto components giant Gestamp.
Personally, John Riberas is the sole administrator of Ion-Ion, a “family office” through which he makes various investments in businesses such as real estate or hotels, among others. Riberas owns 6.7% of the capital of Socimi All Iron and has other interests in the brick business. For example, it owns the building at Gran Via 4 in Madrid, which houses flexible offices for Utopicus (Colonial).
In the middle of last year, Ion-Ion closed a new venture in the hotel sector, acquiring the Palacio del Retiro hotel in Madrid, which, oddly enough, is located wall to wall at the Gestamp headquarters, on Calle Alfonso XII, opposite the El Parque Retiro building.
John Riberas’s other significant family office investments include the 5.4% he currently owns in preventative care firm Atrys Health, or the 11% in clean energy company Q-Energy. He is also the majority shareholder of Glenbrock Investments, which in turn owns various companies under the Gaviria brand, as well as Gold Iberia or Q-Living, which have investments in real estate businesses.