"AW has provided us with excellent advice throughout our acquisition process in Spain, proactively guiding us with value added recommendations in each of the steps, from initial market analysis to Closing of the transaction. M&A processes are complex in nature, even more when you’re entering a new geography. Therefore, it has been crucial for us to count with the professionalism and expertise of the AW team and we would definitely recommend working with them."

Ulrich Liedtke, Executive Vice President Würth Group

"During the crisis, thanks to AW's determination and expertise, they were able to satisfactorily sell the company"

Juan Antonio Elias, President at IPB, S.L. (1996-2016)

"We have internationalized both organically and through acquisitions and we have been advised by AW for the entire project"

Iñaki Echeverría, CFO Grupo Elektra

"We have integrated AW in our decision-making team to expand Kuadrotek with the goal of becoming market leaders"

David Bertran, CEO of Kuadrotek

"The involvement of AW in the inorganic growth of FAAC Group in Spain is part of our success story"

Andrea Marcellan, CEO of FAAC Group

"AW advises Grupo Valora on the enforcement of our strategic growth plan"

Albert Ollé, Owner of Grupo Valora

"Happich Group has entered the spanish market via acquisition of a company and the advisory of AW has been key for its success"

Marc Pelzer, Owner of Happich Group

AW Investment Advisory

Boutique investment banking, based in Barcelona, dedicated to advising on:

  • M&A transactions
  • fundrasing for Private Equity funds
  • real estate investments

We are an independent corporate finance advisory boutique specializing in M&A transactions. 

We are focused on providing our clients, which include family-owned companies, family offices and institutional investors, with top quality financial advisory services that enable them to obtain the highest possible risk-adjusted return on their investments in alternative assets (private companies and real estate). To this end, we jointly define the most appropriate risk and return objectives for each situation, taking into account the time horizon, liquidity needs and legal and tax issues.

In the Corporate Finance area, we focus on private equity (advice on the purchase and sale of companies and placement agent services, both for PE and VC funds). In the Real Estate Investment area we advise investment groups and industrial groups in their strategic decisions, having also the capacity to execute our investment proposals.

Our team consists of financial and industrial experts who pursue the concept of continuous improvement in all decisions. AW’s partners have more than 30 years of experience in international projects for companies of international prestige.

Reliability


We are backed by our clients due to the high recurrence of our clients. Quality and Ethics are a constant in our decisions.

Decisive


By operating efficiency.

Pioneers


We try to anticipate the industry-driving trends.

Customer-oriented


Our effort is focused on creating value for our customers in the short-, medium- and long term.

Continuous improvment


AW partners gained over 30 years experience performing international projects for companies. Our team is constantly updating its training to add maximum value.

Globally oriented


We think globally and act locally. Thanks to our international network we provide services in the areas of greatest economic interest.

History AW Investment Advisory

AW Investment Advisory was established early 2008 with the purpose of advising on industrial corporate investments.

Over the years we decided to open a real estate area to serve investors who so requested. During these years an international network was created that shares AW’s work philosophy and values, of closeness, constancy and transparency.

Executive Team

AW Investment Advisory’s Executive Team has extensive experience in investment advisory, mergers and acquisitions, corporate restructurings, raising investment for projects and analyzing investment opportunities.

Carlos Álvarez Wilmanski

Carlos Álvarez Wilmanski

Managing Partner - Corporate Finance

Alberto Álvarez Wilmanski - CFA

Alberto Álvarez Wilmanski - CFA

Managing Partner - Corporate Finance

Advisory Board

The Advisory Board integrates highly qualified people who contribute their experience and talent. AW Investment Advisory also has a wide network of industry experts.

José Carlos Álvarez Tobar

José Carlos Álvarez Tobar

Advisory Board Member

Enrique Santamaria Morales

Enrique Santamaria Morales

Advisory Board Member

Borja de Abadal Gámiz

Borja de Abadal Gámiz

Advisory Board Member

Dr. Ana M. Catafau

Dr. Ana M. Catafau

Advisory Board Member

Credentials

In recent years, AW has successfully closed numerous transactions in the field of corporate finance, fundraising for private equity funds, as well as real estate investment.

Below is a selection of operations performed by our team.

AW has advised AGC Glass Europe

a Japanese multinational company, world leader in flat glass manufacturing, in the detailed analysis of the financial restructuring of a strategic supplier.

AW has advised in exclusivity the Spanish manufacturing leader for truck-mounted aerial work platforms Talleres Velilla – MOVEX

to sell the company through a competitive process. The company has been finally sold to the French leader FE Group – France Elévateur

AW has advised Grup Bonanova in exclusivity

on the sale of its gas stations network to the multinational energy company BP

AW has performed a valuation of the cava producer Juvé & Camps to later sell a majority to a large Spanish holding enterprise

AW has raised capital for the THCP Capital Solutions IV fund, from independent London investment manager THCP, which as of mid-2022 managed €2.5Bn AUM

AW has successfully carried out a part of the fundraising of the investment vehicle Suma Capital Growth Fund II, run by the Spanish independent investment manager Suma Capital

AW has exclusively advised on the sale of the talent representation and influencer marketing agency Bushido Talent, leader in GenZ and TikTok

which has been acquired by Grupo Soy Olivia, owned by Nazca Capital

 

AW has carried out the audit of the real estate assets of the steel company, leader in steel services Hiemesa

as part of a corporate restructuring operation.

AW has been hired on an exclusivity basis to advice the multinational Würth Group

to acquire the distributor of electrical components Grupo Electrostocks which was owned by private equity fund Apax Partners

AW has carried out a thorough market analysis for Vidara (Ravago)

European leader in the distribution of ingredients for animal nutrition and health, feed solutions, active pharmaceutical ingredients for generic and branded laboratories, as well as flavors and aromas.

AW has advised the leader in automatic doors, industrial doors and intelligent access control, Manusa

in the market analysis of new strategic investments of the group.

 

AW has advised the venture capital fund Collins Capital Advisors, through its investee company Reyes Varón

on the acquisition of the smoked foods company Benfumat

AW has acted as advisor on the preparation of a business plan for the gym boutique La Sala Magali.

AW has provided internationalization services to the Spanish fully-automated electrical panel manufacturer Kuadrotek

 

AW has conducted a market study for the Dutch company Van Geel Group (as of today Legrand Group)

on its inorganic expansion project in Spain

AW has advised the family investment corporation Levante Capital Partners

on the sale of a residential building in vertical property to a private investor.

AW has acted as an exclusive advisor on the sale of the Spanish pharmaceutical engineering company IPB Consulting

acquired by the Swiss engineering company Chemgineering

AW has acted exlusively as sell-side advisor of the Spanish automatic barriers manufacturer Clemsa

 

acquired by the Italian multinational company FAAC Technologies

 

AW has advised on an exclusive basis the investment corporation Scranton B.V.

in the real estate management of its properties

AW has advised the electrical equipment distribution Spanish leader Elektra Group

on its process of internationalization to India. AW has conducted an in-depth market research

AW has raised a capital increase round of ca. €1.0M for the development of the technology startup SmartSea

AW has advised Grupo Sifu, a leading Spanish group in socially responsible facility services

on the management of real estate assets owned by the group

AW has carried out an analysis for the company specializing in micro-stamping for the automotive sector Usotor

for strategic decision making

AW has successfully participated in the fundraising of Net Zero Ventures, an ESG-focused energy transition fund.

led by Repsol and fund manager Suma Capital

Corporate Finance

At company level, the relationship between productive economy and financial economy is essential to carry out growth projects, M&A, restructuring, asset renewals, etc. in order to maximize long-term value for shareholders and, ultimately, for society. AW plays a key role, adding not only financial knowledge to industry players but also industrial knowledge to financial agents.

Mergers and Acquisitions (M&A)

  • Sell-side mandates
  • Buy-side mandates
  • Spin-outs & carve-outs
  • LBO’s (MBO’s, MBI’s, etc.)
  • Joint ventures (equity or non-equity)

Restructuring services

  • Financial Restructuring
  • Operational Restructuring (lean six sigma)

Placement Agent Services (Fundraising)

  • For Private Equity funds
  • For Private companies
  • For Listed companies (block trading)
  • For Start-up companies

Strategic Advisory

  • Strategy and Business development
  • Culture, leadership, innovation and sales
  • Company internationalization services
  • Integration and post-merger activities
  • Analysis of industries and sectors

Valuation Services

  • For corporate restructuring
  • For audit firms
  • For Transfer Pricing advisors
  • Fairness opinion in legal disputes
  • Financial Due Diligence

Real Estate Investment

Added value services, available to all our customers, that maximize the value and use of real estate.
AW Investment Real Estate Advisory Services provides tailor-made solutions to the needs of real estate- owners, tenants and investors, like corporations, family offices and institutional investors.

We offer discreet- and tailor made- services, up-to-date know how of the different real estate markets, technical analysis skills, legal, tax and real estate advisory regarding commercial real estate, industrial real estate, hotels and residential. We have access to both local and international funds, and we are a reference point for owners who require an efficient property management of their assets and real estate portfolios.

Real Estate Asset Management

  • Strategic planning of the property portfolio
  • Optimization of risk and return of the property portfolio
  • Market monitoring
  • Cash flow management
  • Financing operations’ advisory

Real Estate Investment Management

  • Definition of investors’ strategy and interests added to risk profile comprehensive analysis.
  • Detection, analysis, monitoring and closing of real estate investments operations.
  • Structured investment vehicles
  • Divestment advisory.
  • Finding investors for industrial plants.