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Transform Today. Impact Tomorrow.
Touro Capital Partners is an independent management company of private equity funds which invests responsibly in middle market businesses with the objective of delivering attractive returns for Investors
Transform Today. Impact Tomorrow.
Distinctive Factors
Collaborative positioning with target businesses and portfolio companies
Continuous strategic mapping of entries and exits in the investment portfolio
Greater emphasis on value creation through operational variables
Seniority, complementarity, and experience throughout the private equity cycle
Welcome
Touro Capital Partners is a group of independent professionals with wide and complementary experience in all private equity cycle
Our Strategic Approach
CONNECT capital with entrepreneurs, management teams with ambition and businesses which show growth potential
TRANSFORM and creating business value for the investment portfolio through the implementation of a customised Change Program for each portfolio company
GROW in a sustained and responsible way the portfolio companies
António is Chairman of the Board at Touro Capital Partners since September 2023. He is also an industry fellow, in banking context, for Católica Porto Business School, Vice-President of FCE Lisbon and Senior Adviser at Alvarez & Marsal
António Ramalho has a long professional career of more than thirty years in the financial sector, where he was Executive Director at Novo Banco with the responsibility for the implementation of the restructuring plan between 2016 and 2022. He was also Vice-President for Millennium BCP, member of the Board of Directors at Santander Bank Portugal and all financial institutions of Group Champalimaud. Outside the financial sector he was Chairman of CP - Comboios de Portugal, Executive Director at UNICRE and President responsible for the creation of Infraestruturas de Portugal (merge of Estradas de Portugal and REFER of which he was also President)
As a Non-Executive Director, he performed several functions abroad where stands out his appointment for member of Euronext Supervisory Board, Visa Europa and PVCI (Luxembourg) Board of Directors. In Portugal, he was Non-Executive Director at Portugal Telecom and Lisbon Stock Exchange. At the level of non-profit institutions, he was Director of AIP Foundation, Vice-President of CIP (Confederation of Portuguese Industry) and AIP CCI (the Portuguese Industrial Association). Currently he is President of Aljubarrota Foundation
António has a law degree and a master’s in international legal sciences from Universidade Católica Portuguesa and he is postgraduate in international capital markets from International Finance Institute – Euromoney Group (St. Catherine’s College, Oxford). Currently he has concluded the Certification on High Performance Boards by the IMD in Lausanne
Manuel has more than twenty five years of professional experience of which spent more than ten years with PricewaterhouseCoopers, KPMG and Deloitte, where he accumulated extensive professional experience in all aspects of the Deal Continuum. More recently, he advised the XXI Constitutional Government of the Portuguese Republic (Ministry of the Sea), the Blue Fund (State fund managed by the National Directorate for Sea Policies “DGPM”) and performed several takeovers and due diligence assignments for venture capitalists
Manuel holds a certified in finance, accounting and business (CFAB) from the Institute of Chartered Accountants in England and Wales and he is part qualified chartered accountant (ACA) from the same Institute. He has a degree in business management and administration from Atlântico Business School/IESFF (Porto)
Miguel is a professional and Business Angel with more than twenty years of experience of which more than ten dedicated to principal investment, business development and portfolio management. As Investment Director and Head of an Investment Bank Division, he led several transactions totalling EUR 500 M, in equity and debt instruments. He served in the Advisory Committee of a Private Equity fund and, as a Chief Financial Officer, led a successful strategic plan
Miguel holds a MBA from Harvard Business School (Massachusetts) and has a graduation in business management and administration from Universidade Católica Portuguesa (Lisbon). He is a Member of the Industrial Working Group of SEDES - Associação para o Desenvolvimento Económico e Social
Paulo has over twenty five years of international business “blue chips” experience across Europe and Middle East, North and South America, and Africa with general management regional coordination functions. As a Senior Executive Director, Paulo led several takeovers, transformation, and negotiation assignments, such as for example, the post-deal integration of Mococa (Brazil) and Çarmosan (Turkey) into Royal Numico, the negotiations of two Joint Ventures in Argentina (Milkaut and Laboratórios Bago), as well as, the takeovers of Mococa, Infacare (South Africa), and Wyeth business unit (baby food producer/Canada). Moreover, Paulo has an extensive experience in several sectors like FMCG, healthcare, pharmaceuticals, life sciences and logistics, where he gathered extensive knowledge in revenue and cost management, business development, procurement, and turnarounds, with a special emphasis in operational change and performance issues
Paulo holds a graduation in business management and administration from Instituto Universitário de Lisboa (ISCTE)
Josep Piqué Camps
Ex-Chairman
Rita has over two decades of professional experience in the practice of law and legal consultancy in both the private and public sectors. In recent years, she has specialised in the areas of compliance, data protection, and sustainability
Throughout her professional career, she has actively participated in various operations and projects, particularly in the design, implementation, and monitoring of compliance policies and risk management for various financial companies
Rita holds a degree in Law from the Faculty of Law at the University of Lisbon (FDUL). She is also a postgraduate in Forensic Legal Sciences and Tax Law from FDUL, in Business Law from ISCTE, and in Sustainability Management from ISEG. Additionally, she holds a master's degree in compliance from the University of Nebrija (Madrid)
Claudio is a Senior Adviser at Blackstone Spain and Portugal, Member of Patronato Fundación Plan International España, Chairman of Anticipa Real Estate and Aegon España, Chairman of the Advisory Board of SAP España, Board Director of HIP Hotel Investment Partners, Honorary Chairman of Círculo de Empresarios and Member of the Advisory Board of Instituto Franklin
Claudio worked at Banco de Bilbao, Dillon Read Overseas Corporation, and he was General Manager of Banco de Progreso. During almost fifteen years he was Managing Director, responsible for the Spanish and Portuguese businesses, and Member of the European Investment Banking Committee of Lehman Brothers, being also Chairman of the Iberia region for the private and investment banking and private equity business areas until 2004
Claudio was also Chairman of Círculo de Empresarios, from 2004 to 2012, and was also Chairman of Holcim España, Atlas Capital Private Equity, AON Spain and Board Director of PRISA. From 2007 to 2016 he was Senior Advisor of HSBC for Spain and Portugal and Member of the European Advisory Board. Up to September 2017, he was part of the Board of Directors of Asociación para el Progreso de la Dirección
Emilio Novela is currently Non-Executive Director and Chairman of the Audit Commission of Talgo, Non-Executive Chairman of Itevelesa, Member of the Advisory Board of Trilantic Capital Partners and an Independent Director of Merlin Properties
In 1974, started at Banco Hispano Americano a long and fruitful professional career in the banking sector, where he became Co-Managing Director in 1986. In 1991, after the merger with Banco Central, he was Managing Director of Banco Central Hispano (BCH) and, until 2003 of Banco Santander Central Hispano (BSCH - merger with Banco Santander). He was also Vice-Chairman and Member of the Board of Directors of Banco Banif (Santander Private Banking). From 1983 to 1986, he was Financial Director of Empetrol (Repsol Petróleo) and between 1999 and 2003 Vice-Chairman and Executive Director of Vallehermoso, Spain’s largest real estate company at the time
Emilio was also Senior Adviser of Generali, Mercedes Leasing, Banco Urquijo, Cortefiel, Larios, Unión Fenosa, Capgemini, Ernst & Young, Dixi Media and Banesto (designated by Banco de España)
Carlos is an expert in the digital economy and in laws and regulations for the telecommunications sector. Currently, he is Chairman of the Digital Economy Commission of the International Chamber of Commerce, Senior Adviser of Telefónica Spain and Flint Global and Chairs the ESYS Foundation, a leading Spanish institution in the Cybersecurity field
From 1984 to 1989 he served as a State Lawyer in the Basque Country and the Ministries of Education, Justice, Economy and Finance of Spain. In 1989 he moved to the business sector as Secretary of the Board of Directors and General Counsel of CASA, a Spanish company that was part of the AIRBUS Consortium. In 1992, he was appointed General Counsel and Company Secretary at IBM Spain. From 1995 to 2001 he occupied the same positions in Airtel, which became later Vodafone Spain
He was Secretary of State for Telecommunications and the Information Society from 2002 to 2004 in the Spanish Government and from 2007 to 2018 he was Global Senior Vice President of Public Affairs and Regulation at Telefónica
António is a renowned Portuguese economist with an extensive track record of prominent positions in the private and public sectors. More recently, António was the Chairman and Executive Director of Banco Comercial do Atlântico (subsidiary of Caixa Geral de Depósitos) and a Professor at Instituto Superior de Economia e Gestão da Universidade de Lisboa, where he lectured different disciplines but with a particular emphasis on Industrial Organisation
Previously, he was the Chairman of IAPMEI (National Agency for Competitiveness and Innovation), Chairman and Executive Director of IPE - Investimentos e Participações Empresariais (State Shareholdings), and Chairman of CIMPOR - Cimentos de Portugal, and served as Assistant Secretary of State for Industry and Innovation at the XVII Constitutional Government of the Portuguese Republic
Isabel is the General Director of the Ocean Network Express “ONE” (merger of Nippon Yusen Kaisha, Mitsui O.S.K. Lines, and K Line) in Portugal. She started her career in the Deutscher Paket Dienst (Germany) and in 1997 she returned to Portugal to launch DPD, currently know as Chronopost
In 2004 she joined Garland as a Business Development Director, and in 2006 she was promoted to General Marketing Director of the company with the objective to develop the “all in one world” signature. In 2008 she moved to K Line Portugal as Regional Manager and in 2016 she was promoted General Manager of the companys
Miguel is currently Executive Director at CI&T for Southern Europe. More recently, he was chairman of the Board of TAP Air Portugal, Executive Director of AICEP (the National Agency for Trade and Investment), where he dealt with a large number of domestic and overseas entrepreneurs and, for several years, he was responsible for the research department at Banco Espírito Santo
Miguel was Secretary of State for Treasury and Finance at the XV Constitutional Government of the Portuguese Republic, an elected Member of the Portuguese Parliament, and a professor at the Faculty of Economic and Business Sciences at Universidade Católica Portuguesa
Touro I Fund - Closed-end investment fund (Growth/Buyout) for the purchase of mature and proven businesses in the industrial products sector, including auxiliary businesses
Investment Policy
Sustainability
Corporate social responsibility and the commitment towards the goal of carbon neutrality. We are signatory to the UN Principles for Responsible Investment (PRI)
Geography
Acquire domestic and overseas businesses operating in Portugal
Shareholding
Control of the business
Change Imperative
The business shows openness, resiliency, commitment and culture of change to overcome disruption hurdles
Performance
Key Investor Information Document
KIIDTouro Next Fund - Closed-end investment fund (SIFIDE II) for the acquisition of target businesses with exclusive investments in R&D
Investment Policy
Geography
Businesses operating in Portugal
Type of Investment
Research and Development (R&D) in target businesses recognised by ANI
Sectors
Various sectors with a focus on one vertical, industry, and two horizontals, R&D and ESG/Sustainability
Type of Asset
Businesses in a growth phase with investment opportunities in R&D
Shareholding
Minority or majority stakes
Contact us through the message form or by the general e-mail
Praça do Príncipe Real n.º 11 1º
1250-184 Lisboa
Portugal
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Privacy Policy
Touro Capital Partners respects the privacy of visitors to this site and the importance of protecting your personal information. We therefore have an Online Privacy Policy to determine how we use any information you may provide us when you visit our website
Touro Capital Partners takes privacy and the use of your data seriously and acknowledges the importance of protecting any personal information - such as names, contact details and identity document information - hereafter called "Personal Information" that it holds
This Privacy Policy sets out how we will use any data (including Personal Information) collected by us when you visit this website and any other personal information you may provide to Touro Capital Partners or which we acquire through our day-to-day business. We aim, as a business, to give information about our privacy commitments directly to all the people whose data we hold but we acquire some Personal Information in an indirect or incidental way (for example, we acquire Personal Information about our staff's family members when we ask our staff to provide emergency contact numbers). Therefore, one of the purposes of this Privacy Policy is to provide privacy information to all the groups of people whose data we hold but we dont have a direct relationship
We will ensure that your Personal Information is handled in accordance with the law. The relevant law here is: (i) General Data Protection Regulation (Decree Law No. 59/2019 of August 8) and (ii) all similar or related legislation relating to the processing of Personal Information and/or privacy applicable to Touro Capital Partners from time to time (together the "Data Protection Legislation")
Use of your personal information
We may collect (and use for the purposes set out in this Privacy Policy) information that you submit when you make use of this website, for example, information that you provide when you contact us (either online or by any other method)
What sort of Personal Information do we collect?
General
When contacting us online, via telephone, in writing or otherwise you may provide Personal Information about yourself to us including your name and contact details (e.g. your address, email address and telephone number)
Information submitted when you apply to work at Touro Capital Partners
If you apply for or enquire about working for us (as an employee or an intern) we may also ask you to provide details such as your previous job title, your employment history, a copy of your CV, references and information relating to your right to work. We may also seek references and carry out checks with third parties if appropriate for the role you have applied for. This processing is justified either by our legitimate interests to carry out effective recruitment or it is necessary for us to comply with our legal obligations
Information about management and employees at portfolio companies
When we takeover a business, we will obtain some information about the employees and other staff who work in that business to carry out and improve our business in the pursuit of our legitimate interest
Information about Investors, potential Investors or those who work for or are connected with Investors
If you (or an institutional Investor or Investment vehicle with which you are associated) consider investing with us, you may also provide us with your financial information and various other necessary Personal Information. This processing will be justified by the performance of a contract concluded with you or for the purpose of corresponding with you for business purposes, providing any support you may require or to process an investment application in accordance with our legitimate interests. In certain circumstance, we may also process your Personal Information for the purpose of complying with our KYC and AML/ATF obligations
Information about individuals who are our suppliers or other business contacts (and individuals who are employed by our suppliers and business contacts)
If you provide services to us or have a business dealing with us (or are employed or engaged by an entity which provides services or has a business dealing with us), we may acquire your name, contact details, some employment information and we may acquire copies of identity documents or similar information, for the purpose of corresponding with you, carrying out and improving our business, analysing the use of our website and services in the pursuit of our legitimate interests. In certain situations, for example, if you are a director at a business, we are required to conduct due diligence or carry out AML/ATF processes
How long do we keep your personal information?
We will only keep your Personal Information for as long as we reasonably require and, in any event, only for as long as the Data Protection Legislation and our own internal rules and policies allow
Your rights and data accuracy
You have certain rights in relation to your Personal Information such as for example the right to request that we erase your Personal Information (or part thereof) at any time, which request we will comply with unless we have a lawful reason to keep your information (for example, to comply with our legal obligations). Please contact us if you wish to request any changes
You also have the right, subject to certain exemptions, to: (i) see the Personal Information we hold about you and withdraw any consent you may have given to us, (ii) to ask us to make any changes to ensure that any Personal Information we hold about you is accurate and up to date, and (iii) in some cases communicate any information we hold about you to a specified third-party. In certain jurisdictions, you have the right to provide instructions on the processing of personal data after your demise. If you wish to exercise any of these rights, please contact us
Please ensure that the Personal Information you provide via the website is accurate and complete and you notify us of any changes to your Personal Information as soon as possible so that we can update our records
Whilst we will take all reasonable steps to protect your Personal Information, we cannot guarantee the security of any Personal Information you disclose online. You accept the inherent security implications of disclosing Personal Information online
Why we share your personal information
Where it is necessary for the performance of our contract with you or for our internal business processes, we may share your Personal Information with certain third-parties who reasonably need it in order to perform a function for you or provide a service to us. By submitting your Personal Information to us, you acknowledge that such third-parties may receive and process your Personal Information. We will never sell your data
In addition, it may be necessary to disclose your Personal Information if we are under a duty to disclose your Personal Information in order to comply with any legal obligation (such as AML/ATF obligations), carry out an internal investigation, enforce any agreement we have with you or with a related party, or protect the rights, property, or safety of portfolio companies, Touro Capital Partners, our Investors, directors, employees or other personnel. This includes exchanging information with other companies and organisations for the purposes of fraud protection and prevention
Cookies
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. These cookies are necessary for the website to function and cannot be switched off in our systems. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information
Changes to our privacy policy
Touro Capital Partners may amend this Policy at any time. If you do not agree to any changes that we make, you should not use or access (or continue to use or access) the website. Any changes to this Policy will be posted on the website
Contacts and complaints
If you have any questions or concerns about the way in which we have handled your Personal Information, please contact us at geral@tourocp.com. Alternatively you have the right to make a complaint to Comissão Nacional de Proteção de Dados (http://cnpd.pt), the supervisory body in Portugal, or to one of the competent European supervisory authorities (http://edpb.europa.eu/about-edpb/board/members_en)