Juan Ignacio Garcia Braschi Known bobos, the start It draws, like a mix between Barcelona an agreement And Madrid Captchas. The value proposition is defined as follows: “We are basically a the shop Where to buy and sell small businesses; the The difference with other companies is that we provide parallel financing to carry out these operations.
The Boopos case is interesting because the company’s headquarters are located there MiamiNot in Madrid, where Garcia lives. Since the US is its main market, the bulk of the sales team works from there. However, most of the technology talent is concentrated in Spain, where the CEO asserts that the group of engineers has nothing to envy the remittances that graduate every year from the best American universities.
There are currently about 150 companies listed on the platform.. Boopos offers financing for up to four years at interest rates ranging from 17% to just over 20%, but never covers the total amount. Example: If a company sells for one million euros, the normal thing is… start Finance up to half a million and the buyer contributes the rest, although it may also happen that you agree with the seller on deferred payment of part of the remaining half.
The maximum loan is two million euros and the size of the company offered for sale does not exceed five million. These are generally digital companies that focus heavily on SaaS (Software as a service), but this classification coexists with more traditional services (gardening, air conditioning repair) that have strong appeal in the United States.
To determine whether a company can be sold through Boopos, Garcia points to the thoroughness of the audits it conducts. “We have data connectors and access to each candidate company’s payment processing, their accounting tool and their bank account. Everything is fed into our system.” Analysis toolthe Due diligence“.
Who is who?
Two prevalent profiles have been identified among buyers. On the one hand, “individuals who have always been business owners, have savings, appreciate the flexibility of this lifestyle and want to invest in sectors they already know.” They are usually between 30 and 40 years old and represent 80% of the group. On the other hand, “a personality more in line with the concept of A Roll up strategy“Anyone who owns multiple companies, has a team, has raised money and can leverage themselves.”
In 2023, Boopos’s turnover reached eight million euros. Since its founding in 2020, it has raised $15 million justice In addition, there is another debt line worth $80 million with the British Capital of Vasanara (This second block is used to lend to buyers on the platform.) Among the investors start It is counted Bonsai, K box y Enzo Ventures.
Mafia Capify
Communications engineer Garcia spent some time briefly Telefonicacut his teeth in mergers and acquisitions (mergers and acquisitions) in Merrill Lynch y Portobello Capital He participated in its founding CapifyWhere he served as Chief Financial Officer Country manager For Spain between 2013 and 2021. He explains that the jump from CFO to CEO of his own company came “because of the curiosity he felt about learning how to work with a technology team.” The Spanish ecosystem is on the right track, he continues, “although each national piece is gradually being integrated into a more global and more European ecosystem.” What is missing to complete the country’s mission is “some.” exit Most Popular”. The record is kept by Perfectwas sold in September 2020 to the Swedish company EQT for $1.321 million.
(tags for translation) Economics / Algorithm
