Business succession · Spain

The succession your company deserves

We acquire family businesses whose owners are looking for a successor they can trust. Someone committed to preserving what they have built over a lifetime of hard work.

Our philosophy

A company is more than a balance sheet. It is a legacy.

Behind every company lie decades of trust built with customers, relationships woven with suppliers, and a team that has grown alongside you. We don't buy businesses: we become guardians of what you have created.

Guaranteed continuity

The search fund model means the buyer actively runs the company, with a long-term commitment to stay. We are not a fund that buys to resell.

The team at the centre

The people who built the company with you will remain the heart of the business. The team is part of the model. They are the cornerstone of the next chapter.

A fair valuation

Our valuation process is transparent and well-grounded. We want the negotiation to be the beginning of a relationship, not the end of one.

How we work

An agile process built on transparency

Every step is designed to give you certainty, clarity and control. No pressure, no surprises.

01

First conversation

A confidential meeting to get to know each other. No commitments, no pressure. We want to understand your situation and your goals before we talk numbers.

02

In-depth analysis

With complete discretion, we analyse the company: customers, team, operations and positioning. We seek to understand what makes your organisation unique.

03

Value proposal

We present a well-reasoned valuation and the terms of the deal. Full transparency on structure, price and transition plan.

04

Closing and management

An agile due diligence process and an integration plan so the company keeps running smoothly from day one.

Who is behind it

An executive with fifteen years of experience

Enrique
Enrique Fontana Founder · Venencia Capital

I am the founder of Venencia Capital. I built my career from the ground up: I started in small companies and rose to senior leadership at large multinationals. This journey taught me how to manage teams and make difficult decisions, but above all, that a company is not made by its numbers: it is made by the people behind it. That conviction, and the skills I have gained along the way, are what prepare me to carry forward what you have built.

When I evaluate a company, I don't do it from the distance of a financial model. I want to understand how the business really works: what makes it profitable, what makes it resilient and, above all, what role its founder has played in building it.

Venencia Capital is my long-term project. I am not looking for a financial investment. I am looking for a company to manage, grow and be responsible for over the coming years.

Education

  • Master's in Computer Engineering (UAM)
  • Specialisation in Artificial Intelligence (MIT)
  • MBA (INSEAD)

Selected roles

  • ICEX Internationalization Programme (Hong Kong / China)
  • Head of Strategy, Asia Pacific (BBVA)
  • Chief Pricing and Underwriting Officer (Admiral Seguros)

Our principles

The values that guide every decision

01

Absolute transparency

From the first conversation to the closing, we operate with complete transparency. There are no surprises in the valuation and no hidden terms. Every step of the process is designed to give the seller clarity and control.

02

Respect for the legacy

We don't buy companies to radically transform them. We understand that what you have built has value precisely because of how you built it. Our role is to preserve that legacy and strengthen it, not to dismantle it.

03

A long-term commitment

This is not a buy-and-flip model. The founder of Venencia Capital will actively manage the company for years. Your team, your customers and your reputation are left in the hands of someone who stays.

04

Guaranteed confidentiality

The entire process is strictly confidential. Neither your team, nor your customers, nor your competitors will know a conversation exists until you decide otherwise.

Why a search fund?

Not all buyers are the same

The search fund model offers unique advantages over other succession alternatives. This comparison shows the key differences that matter to the seller.

Venencia Capital
(Search Fund)
Private Equity
Industrial Competitors
Philosophy
  • Focus on a single acquisition
  • Buyer operates the company
  • Direct, personal relationship
  • Portfolio of multiple companies
  • Management delegated to third parties
  • Transactional relationship
  • Integration into an existing group
  • Focus on synergies
  • Loss of own identity
Time horizon
  • 10-15+ years of ownership
  • Sustainable growth
  • Long-term vision
  • Typically 3-7 years
  • Maximise for resale
  • Pressure for quick results
  • Varies with strategy
  • Immediate integration
  • Rapid structural changes
Team and culture
  • Guaranteed team continuity
  • Preservation of the culture
  • Growth from within
  • Frequent restructurings
  • Rapid cultural changes
  • Turnover of management teams
  • Team integration
  • Imposition of corporate culture
  • Loss of autonomy
Decision-making
  • Agile, direct decisions
  • Deep knowledge of the business
  • Personal accountability
  • Slow corporate approvals
  • Investment committees
  • Standardised processes
  • Subordination to a parent company
  • Loss of decision-making autonomy
  • Corporate bureaucracy
Post-sale relationship
  • A supported transition
  • Option to stay on as an advisor
  • Legacy preserved
  • Quick exit for the founder
  • Limited formal relationship
  • Focus on financial ROI
  • Typically a full exit
  • No future involvement
  • Rebranding likely

Let's talk

Are you thinking about the future of your company?

If you are considering whom to entrust with the succession of what you have built, I would like to hear your story. No rush, no obligations. A conversation can be the first step.

Email enrique@venenciacapital.com
LinkedIn linkedin.com/in/efontana
Send a message Schedule a meeting