https://e3capital.cr/pe-projects daily 0.75 2019-03-19 https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544044856791-Z3TIDBOGJAF5J4PJAEK7/leadcuadrado.png PE projects - LEAD University E3 Capital has assumed a GP role in the creation of a world class higher education institution: LEAD University. The project has implied the coordination between two groups of leading academics who have set the bases for an innovative educational model with strong commitment to quality education, the structuring of a viable investment and attraction of over $8M in seed capital, and the formation of a solid management team. In addition, E3 leads a hands-on supervision in the following tasks on a weekly basis: execution of a marketing plan, budgeting and expense control, financing, quarterly reports to investors, leading board meetings, representation of the school within the local ecosystem, etc. The university seeks to attract over 1,500 students over the following five years both locally and internationally, and will develop a strong placement on tailor made executive programs. Contrary to the typical PE Assets in E3’s portfolio, LEAD poses a longer term horizon and an exit strategy is yet to be defined. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544044856791-Z3TIDBOGJAF5J4PJAEK7/leadcuadrado.png PE projects - LEAD University E3 Capital has assumed a GP role in the creation of a world class higher education institution: LEAD University. The project has implied the coordination between two groups of leading academics who have set the bases for an innovative educational model with strong commitment to quality education, the structuring of a viable investment and attraction of over $8M in seed capital, and the formation of a solid management team. In addition, E3 leads a hands-on supervision in the following tasks on a weekly basis: execution of a marketing plan, budgeting and expense control, financing, quarterly reports to investors, leading board meetings, representation of the school within the local ecosystem, etc. The university seeks to attract over 1,500 students over the following five years both locally and internationally, and will develop a strong placement on tailor made executive programs. Contrary to the typical PE Assets in E3’s portfolio, LEAD poses a longer term horizon and an exit strategy is yet to be defined. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544044898095-R03PXEDFRJ3ROUYY3FOB/SantaAnacuadrado.png PE projects - Santa Ana Country Club E3 has an active role in the conception and development of an upscale Country Club on the outskirts of San José, Costa Rica. The project will develop an 8 hectare piece of land, into a 2500 member club, containing swimming pools, restaurants, private event spaces, fitness facilities, tennis courts, a spa, and several other recreational amenities for its future members. The project is a joint venture with a leading project management firm, the country´s leading architecture firm, two construction companies, and several other investment partners. E3 has had a leading role thus far in the financial modeling, budget control, set up of a 10 person sales team, and obtaining the required financing. The project has a 4-year horizon, and is expected to generate $60MM+ in revenue and return a 35% IRR on an approximately $8M equity investment https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045295057-E47XPQNHKNMOMZBLA4SB/Giacomincuadrado3.png PE projects - Giacomin E3 Capital structured an SPV to acquire a majority stake in two specialty coffee-shop chains. The objective has been to execute a growth strategy to grow the current 10-shop chain into a 25-shop chain over the next 5 years, seeking to leverage the strong brand equity and deep history with the costa rican culture. E3 has had an active role in the financial structuring of the transaction, obtaining the equity required, designing a successful growth strategy, and providing active financial supervision at a corporate and administrative level. The investment was in the order of $3M in cash and shares, where E3 will seek an exit in a 4 to 5 year horizon, expecting an IRR of approximately 30% to investors. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1552980383027-2HSVY5R0M8F6RLSTOQKZ/30656716_901541236715167_6875893580313919488_n.png PE projects - Productos de Concreto E3 Capital has recently concluded the structuring of a $2.5M private financing round for Productos de Concreto, a leading construction company specialized in the design and fabrication of pre-fabricated concrete elements for a wide variety of private and public infrastructure projects with annual revenues of over $45M. The financing will be used to execute a regional growth strategy in partnership with construction companies across Central America. The financing has been structured in the form of preferred shares, with a convertibility clause to common shares at the end of year 4. E3 will have two seat on the Board of Directors, and will provide active financial supervision in coordination with the CFO. The structuring promises an 11% dividend to investors, and favorable conversion terms if EBITDA targets are not met. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045495348-4M2RJS11ONHAIU5ZDRMJ/Monibytecuadrado.png PE projects - Monibyte E3 Capital provided financial support through the structuring of an SPV for a $1M venture investment in a software firm, IMPESA S.A. The software allows the user to establish credit card parameters in a user-friendly platform, and integrates with ERP´s for simple expense reporting. The successful deployment of the software was executed through a leading regional bank, which in 2015 provided an investment of a further $3MM and formed a deeper partnership with the startup. The company also received a prize in financial innovation by Financial Times in London at the beginning of 2015. E3 Capital provided the financial structuring for both transactions, had an active role at a board level, and after selling its stake, achieved a successful exit with an realized IRR of over 80% to the original partners in the SPV. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045803174-BN3WJIR4X97T3H3ZFZBH/ITScuadrado.png PE projects - ITS Through the structuring of an SPV, E3 Capital led an $8.9M investment in a leading regional IT services provider. The investment’s purpose was to propel an ambitious growth strategy in the region. With current presence in all of Central America, the Dominican Republic, and Colombia, the company now seeks to consolidate its operations and grow its client base. ITS currently focuses on five b2b solutions: business contact centers, managed service centers, IT integration projects, data center, and learning centers. E3 Capital currently represents a 32% equity stake, and has two board seats. Through an active involvement at the board level, it has led the company’s restructuring of its balance sheet, and is seeking a three to four year exit strategy that is expected to return a 15% IRR. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045743765-TVMHU44YSVFTYSW880F0/HALogisticscuadrada.jpg PE projects - H.A. Logística Customs Agency Humberto Álvarez (Grupo H.A. Logística) is a company with 80+ years of experience in international freight logistics, and was in the search of $2M to provide short-term financing to its customers, in order to achieve a growth in turnover. E3 created an investment vehicle (SPV) and raised the money through a private debt offer. The SPV signed a Credit Agreement with Grupo HA, in order to provide the company with a global line of credit (LoC) for the short term financing of the import duties (DUA´s) of selected customers. https://e3capital.cr/ma-projects daily 0.75 2019-05-13 https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045978248-WLIXV43BHPRN6LHMQ4R5/VIP.png M&A projects Sale of the VIP Lounge located in the San Jose international airport. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045978248-WLIXV43BHPRN6LHMQ4R5/VIP.png M&A projects Sale of the VIP Lounge located in the San Jose international airport. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045979951-H1DRFJODZL9KX4KWWSXN/gasnatural.jpg M&A projects Purchase of a hydroelectric project with a investment on behalf of a Costa Rican Investment Group. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045977149-U3GRDB9JP84UZ8LI9RI7/CEFA.png M&A projects Sale of CEFA, a leading pharmaceutical product distributor in Costa Rica, to Grupo Socofar, a Chilean counterpart. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045977215-KBTMVVPEUWY5IU9W7GRY/ibp+pensiones.png M&A projects Sale of IBP Pension Fund to Banco Popular pension fund, which involved the valuation of financial assets for the transaction. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045977717-3HDEXI62FBD3JL6KB7WE/labPaez.jpg M&A projects Sale of a chain of clinical laboratories with 11 branches in Costa Rica. https://e3capital.cr/private-equity daily 0.75 2019-05-22 https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544044856791-Z3TIDBOGJAF5J4PJAEK7/leadcuadrado.png Private Equity - LEAD University E3 Capital has assumed a GP role in the creation of a world class higher education institution: LEAD University. The project has implied the coordination between two groups of leading academics who have set the bases for an innovative educational model with strong commitment to quality education, the structuring of a viable investment and attraction of over $8M in seed capital, and the formation of a solid management team. In addition, E3 leads a hands-on supervision in the following tasks on a weekly basis: execution of a marketing plan, budgeting and expense control, financing, quarterly reports to investors, leading board meetings, representation of the school within the local ecosystem, etc. The university seeks to attract over 1,500 students over the following five years both locally and internationally, and will develop a strong placement on tailor made executive programs. Contrary to the typical PE Assets in E3’s portfolio, LEAD poses a longer term horizon and an exit strategy is yet to be defined. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544044898095-R03PXEDFRJ3ROUYY3FOB/SantaAnacuadrado.png Private Equity - Santa Ana Country Club E3 has an active role in the conception and development of an upscale Country Club on the outskirts of San José, Costa Rica. The project will develop an 8 hectare piece of land, into a 2500 member club, containing swimming pools, restaurants, private event spaces, fitness facilities, tennis courts, a spa, and several other recreational amenities for its future members. The project is a joint venture with a leading project management firm, the country´s leading architecture firm, two construction companies, and several other investment partners. E3 has had a leading role thus far in the financial modeling, budget control, set up of a 10 person sales team, and obtaining the required financing. The project has a 4-year horizon, and is expected to generate $60MM+ in revenue and return a 35% IRR on an approximately $8M equity investment https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045295057-E47XPQNHKNMOMZBLA4SB/Giacomincuadrado3.png Private Equity - Giacomin E3 Capital structured an SPV to acquire a majority stake in two specialty coffee-shop chains. The objective has been to execute a growth strategy to grow the current 10-shop chain into a 25-shop chain over the next 5 years, seeking to leverage the strong brand equity and deep history with the costa rican culture. E3 has had an active role in the financial structuring of the transaction, obtaining the equity required, designing a successful growth strategy, and providing active financial supervision at a corporate and administrative level. The investment was in the order of $3M in cash and shares, where E3 will seek an exit in a 4 to 5 year horizon, expecting an IRR of approximately 30% to investors. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1552980383027-2HSVY5R0M8F6RLSTOQKZ/30656716_901541236715167_6875893580313919488_n.png Private Equity - Productos de Concreto E3 Capital has recently concluded the structuring of a $2.5M private financing round for Productos de Concreto, a leading construction company specialized in the design and fabrication of pre-fabricated concrete elements for a wide variety of private and public infrastructure projects with annual revenues of over $45M. The financing will be used to execute a regional growth strategy in partnership with construction companies across Central America. The financing has been structured in the form of preferred shares, with a convertibility clause to common shares at the end of year 4. E3 will have two seat on the Board of Directors, and will provide active financial supervision in coordination with the CFO. The structuring promises an 11% dividend to investors, and favorable conversion terms if EBITDA targets are not met. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045495348-4M2RJS11ONHAIU5ZDRMJ/Monibytecuadrado.png Private Equity - Monibyte E3 Capital provided financial support through the structuring of an SPV for a $1M venture investment in a software firm, IMPESA S.A. The software allows the user to establish credit card parameters in a user-friendly platform, and integrates with ERP´s for simple expense reporting. The successful deployment of the software was executed through a leading regional bank, which in 2015 provided an investment of a further $3MM and formed a deeper partnership with the startup. The company also received a prize in financial innovation by Financial Times in London at the beginning of 2015. E3 Capital provided the financial structuring for both transactions, had an active role at a board level, and after selling its stake, achieved a successful exit with an realized IRR of over 80% to the original partners in the SPV. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045803174-BN3WJIR4X97T3H3ZFZBH/ITScuadrado.png Private Equity - ITS Through the structuring of an SPV, E3 Capital led an $8.9M investment in a leading regional IT services provider. The investment’s purpose was to propel an ambitious growth strategy in the region. With current presence in all of Central America, the Dominican Republic, and Colombia, the company now seeks to consolidate its operations and grow its client base. ITS currently focuses on five b2b solutions: business contact centers, managed service centers, IT integration projects, data center, and learning centers. E3 Capital currently represents a 32% equity stake, and has two board seats. Through an active involvement at the board level, it has led the company’s restructuring of its balance sheet, and is seeking a three to four year exit strategy that is expected to return a 15% IRR. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1544045743765-TVMHU44YSVFTYSW880F0/HALogisticscuadrada.jpg Private Equity - H.A. Logística Customs Agency Humberto Álvarez (Grupo H.A. Logística) is a company with 80+ years of experience in international freight logistics, and was in the search of $2M to provide short-term financing to its customers, in order to achieve a growth in turnover. E3 created an investment vehicle (SPV) and raised the money through a private debt offer. The SPV signed a Credit Agreement with Grupo HA, in order to provide the company with a global line of credit (LoC) for the short term financing of the import duties (DUA´s) of selected customers. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1547519309435-Q109NQIG12KT1B2DUTL2/SantaAnaCCRender.jpg Private Equity - Santa Ana Country Club An upscale Country Club on the outskirts of San José https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1547519341493-L0Y0G0O3NTD2HIQS3LCW/Giacominbanner2.jpg Private Equity - Giacomin Specialty coffee-shop chain https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1547519280902-KMFKSTTCZV2UKF1IDZJT/Graduacio%CC%81n+ULead+2017_302.JPG Private Equity - LEAD University World class higher education institution. https://e3capital.cr/investment-banking daily 0.75 2019-05-22 https://e3capital.cr/home daily 1.0 2019-05-22 https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1553015989100-6ZMR7IDHSUT2CSU4JA14/IMG_7302.jpg Home - We are a Central American focused private equity and investment banking firm. https://e3capital.cr/contact daily 0.75 2025-05-02 https://e3capital.cr/team daily 0.75 2022-06-30 https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1557867204231-19J3DZEEGPY2BRGXKWYI/PSX_20190513_145003.jpg TEAM Ronald Gurdián - Partner Founding partner at E3 Capital with leadership responsibilities at Santa Ana Country Club project and is a board member of Giacomin. Ronald is also a board member of the following leading companies in Costa Rica: Tostadora El Dorado (food distribution), ITS (technology), Pampa y Cielo (coffee farm), and ADA (education non-profit). He is also actively involved in several residential developments, and the structuring of solar and wind projects. Prior to E3, Ronald was the director of Business Development of Corporación Superior for over 15 years (a family conglomerate), Vice President of Volio Capital for 10 years (an investment bank), CEO of Almacenadora S.A. for 7 years, and founding partner at Terminales Santamaría S.A. (an air cargo terminal). Ronald also served as a member of the National Comittee of INCAE, a leading business school, member of the Chamber of Industries, and Ambassador for Costa Rica in Mexico. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1557872607029-UYUSSL6FO5SYCXMSLJGM/PSX_20190513_144705.jpg TEAM Alejandro Azmouz - Investment Manager Alejandro has a Master in Finance from EADA Business School (2012- Spain). He also has a Bachelor´s in Business Administration (Magna Cum Laude) from UNITEC (2011- Venezuela). Since joining E3 in April 2015, he has been lead analyst on the PC deal where E3 has played both the role of investment bank (structuring the financial instrument, and fundraising) and General Partner once the investment was closed. Alejandro has had leading roles in several M&A deals, and has a leading role in the Country Club project. Prior to E3, Alejandro worked as Financial Analyst in Copal Amba (a Moody´s subsidiary) for a sell-side client in one of the top investment banks covering the consumer finance industry (Mortgage REITs and Business Development Companies). https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1557867108078-3CA1RSO8YHWLJC79PJE3/PSX_20190513_145734.jpg TEAM José Rossi - Partner Founding Partner at E3 Capital, with leadership responsibilities at LEAD University, PC, ITS, as well as investment banking deals. Previously, José was CEO of DHL Express & Logistics for Central America, and led the growth of Corporación Cormar as President and CEO for over 20 years before selling the business to DHL. In addition, Jose served as Minister of Foreign Trade of Costa Rica from 1994 to 1997, and has led multiple public-private initiatives to promote foreign direct investment in Costa Rica, through his prior roles as president of CINDE, PROCOMER, and the National Investment Council. He currently serves on the board of directors of some of the leading corporations in the country, such as Florida Ice & Farm Co., Purdy Motor, Corporación CAFSA, ITS Infocom, among others. https://images.squarespace-cdn.com/content/v1/5bda33aa1137a6c54d33e460/1557870684750-L4Y1X2DYTQF8GQXQ2QJU/PSX_20190513_145134.jpg TEAM Carlos Baeza - Partner Carlos assumes a leading role in Giacomin and PC, as well as investment banking deals. Carlos has also been a strategic consultant to over 130 companies over the past 20 years. He has expanded his services to the United States, Mexico, Central America, and South America. His work has revolved around the design of corporate strategies, international expansion plans, corporate transformation processes, and market research. In addition, Carlos was previously Vice-President of Sales and Marketing for Grupo Constenla, a leading food distributor in Costa Rica, and was COO at Holcim (now Lafarge-Holcim) for over 6 years. Carlos currently serves on the board of directors of leading Costa Rican companies, such as Grupo Pelón, Gestionadora de Crédito, Farmavision, Jardines del Recuerdo, among others.