Ascri board

Contact

Miguel Zurita: ASCRI Chairmanand Co-Chief Investment Officer and Managing Partner, Altamar Group

Juan Leach: ASCRI Vice Chairmanand Managing Partner, Miura PrivateEquity

Aquilino Peña: ASCRI Vice Chairman, Founding Partner, Kibo Ventures

Beatriz González: Chairwoman of the ASCRI Venture Capital Committee and Founding Partner, Seaya Ventures

Carlos Carbó: Founding Partner, Nazca Capital

Alberto Gómez: Partner Director, Adara Ventures

José Zudaire: Managing Director

Carlos Prado: Managing Partner, Espiga Capital

Raúl Rodríguez Sabater: Managing Director, Aurica Capital Desarrollo

Julia Salaverría: Partner, YsiosCapital

Carlos Santana: Director, EQT Partners

Alejo Vidal-Quadras: Director Madrid Office, KKR – Kohlberg, Kravis, Roberts & CO.

José María Zalbidegoitia: President, Talde Gestión

www.ascri.org

https://www.linkedin.com/company/ascri/ @ascri_info

info@ascri.org

MEMBERS

ObjectivesASCRI is the industry body that unites and represents the sector to the authorities, Government, institutions, investors, entrepreneurs and media. ASCRI regularly communicates and provides statistics and updated information regarding the developments of the tax and legal framework.

ASCRI also organizes a range of activities (training courses, events and round tables) for the members and general public in order to disseminate and reinforce the contribution of the Venture Capital & Private Equity industry for the economy and growth of SMEs in Spain.

Who we are?

1986120 Spreading and

ensuring the professional standards among its members:

The Spanish Venture Capital & Private

Equity Association (ASCRI) was born

in 1986

national and international Venture Capital &Private Equity firms

It comprisesmore than

7512

serviceproviders

institutionalinvestors

Transparency

Good governance

Best practice

2019

+200352,5642,437

(92% SMEs)361

employeesinvestee

companies

national & international entities with

ongoing activity

funds undermanagement (12,000M€from international funds)

more than

27,500M€

are more sustainable and solvent

VC&PE backed companies….

The industry in Spain

32.7% 3.7% 18.7% 52.3%more

employmentmoreassets

more grosssales

EBITDA

Difference in the aggregate growth observed in the investee companies, comparing them with a group of companies with similar characteristics (not investee companies). The data obtained are

included in the ASCRI 2018 report “Economic and Social Impact of Private Equity in the middle market transactions in Spain” (available at www.ascri.org).

Venture capital & private equity explained

What is Private Equity? Private Equity investment is directed to already established companies or in a growth stage.It can be divided into:

What is Venture Capital?

Venture capital is a type of private equity typically invested in entrepreneurial, innovative businesses to help them grow.

Venture capitalists offer, as well as funding, tailored support for entrepreneurs, from refining strategy and helping commercialise innovation through to new product and service development and bringing the business onto the global circuit. Venture Capital investment can be divided into:

Growth capitalfinancing the growth of a company with benefits for the development of new products and access new markets. They are investments with higher volume and less uncertainty about the existence of historical data.

Replacementthe firm relieves part of the current shareholders. It is common in family businesses and in situations of succession.

Leveraged buyouts (LBO)acquisition of companies in which a substantial part of the price of the transaction is financed with borrowings, partly secured by the assets of the acquired company themselves, and the other with capital contributed by investors of the deal, who become owners.

Capital restructuringor turnaroundinvestment in companies in difficulty for a long period of time and needed and financial resources to implement major changes needed to survive.

EarlystagesStart up Late

stages

Seed

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