The team

Jose Maria Zalbidegoitia+

José María Zalbidegoitia

Chairman
Iñaki Alzaga+

Iñaki Alzaga

Vicepresident
Idoia Bengoa+

Idoia Bengoa

General Manager
Javier Urtasun+

Javier Urtasun

Member of the Board of Directors
Jon Arosa+

Jon Arosa

Investment Director
Marc Baiget+

Marc Baiget

Investment Director
José Iturriaga+

José Iturriaga

Director Private Debt
Francisco Ibañez+

Francisco Ibáñez

Investment Director Real Estate
Lucas Guinea+

Lucas Guinea

Investment Director Real Estate
Esteban Fradua+

Esteban Fradua

Investment Manager
+

Asier Unda

Investment Manager
Aurkene Ziluaga+

Aurkene Ziluaga

Investment Analyst
Irene Gutiérrez+

Irene Gutiérrez

Investment Analyst
Laura Salcedo+

Laura Salcedo

Financial Director
Ibone Davila+

Ibone Davila

Adjunta dirección financiera
División

José María Zalbidegoitia

Chairman

He joined Talde in 1999.

Currently, he is the Chairman of the board of directors in Talde Gestión and a board member at Tegor and AJL.

His early professional life was in the world of export credit insurance, international contracts and accounts auditing, in which he held the positions of Director of Trade Policy and Trade Deputy Minister of the Basque Government during the period between 1979 and 1983, on the boards of public companies.

In 1984 he rejoined CESCE, an export credit insurance company, as Regional Director of the Northern Region, sitting on various boards of financial and industrial entities.

He has a degree in Economics and Business Administration from the University of the Basque Country and a Master in the Upper Management Program from IESE.

Iñaki Alzaga

Vicepresident

He joined Talde in 2018.

Currently, he is a board member of Talde Gestión and P4Q

He is also Chairman of Compañía Multimedia del Norte, a position he has held for more than fifteen years, member of the Board of Directors of Euskaltel, where he previously held the position of Director of Strategy and Business Development for seven years, and non-executive Chairman of Nortegas.

He began his professional career at Price Waterhouse, where he worked for twelve years.

He holds a degree in Economics and Business Administration from the University of Deusto and is a Chartered Accountant Auditor and member of the ROAC.

Idoia Bengoa

General Manager

She joined Talde in 2008.

Currently, she is a board member of Talde Gestión, Deltalab, Burdinberri, AIT, P4Q and Fire Piping.

Previously and for more than 14 years, she worked in BBVA's Industrial Group where she was responsible for investments in listed companies, unlisted companies and American Private Equity funds. During this stage she carried out the full cycle of investment operations from analysis, structuring and negotiation, divestment operations in listed and unlisted companies and private equity firms and managed a portfolio whilst a member of the governing bodies of several companies.

She began her career as an auditor at Arthur Andersen, where she worked for five years.

Idoia Bengoa has a degree in Economics and Business Administration from the University of Deusto, has completed the Executive Development Programme for BBVA at IESE and she has obtained the Certificate in Corporate Governance from the Instituto de Consejeros- Administradores.

Javier Urtasun

Member of the Board of Directors

Currently, he is a board member of Talde Gestión and Fire Piping.

Previously and for 34 years he developed his professional career at Lagun Aro, where he was initially Director of Fixed Income and International Equities and finally Chief Investment Officer (CIO).

He holds a degree in Economics and Business Administration from the University of Sarriko and a Master (MSC) in Urban and Regional Economic Studies from the London School of Economics and Political Science.

Jon Arosa

Investment Director

He joined Talde in 2003.

Currently, he is a board member in Talde Gestión , Burdinberri, Tegor, P4Q and Bemed-Jemed.

Previously he worked for five years in the EBN group in Madrid (a financial group comprising five savings banks), as an analyst in the Corporate Finance Department and as a fund manager in the area of Private Equity.

He has a degree in Economic Law from the University of Deusto, an MBA from the Carlos III University of Madrid, a Postgraduate Diploma in International Business from the Chamber of Commerce of Guipúzcoa and he has obtained the Certificate in Corporate Governance from the Instituto de Consejeros- Administradores.

Marc Baiget

Investment Director

He joined Talde in 2010.

Currently, he is a board member in Talde Gestión, Ñaming, AIT and Fire Piping.

His early career was at KPMG Corporate Finance in Barcelona and Madrid, where he accumulated over 10 years of experience in advising on national and cross-border M&A processes, development of business plans, investment analysis, business valuation and assisting in debt restructuring processes.

He began his career at Ernst & Young, where he spent two years in the Auditing Department.

He has a degree in Economics and Business Administration from the University of Deusto. Additionally, he has completed several international courses on company valuation and assistance in merger and acquisition processes. He also obtained the Certificate in Corporate Governance from the Instituto de Consejeros- Administradores

José Iturriaga

Director Private Debt

He joined Talde in 2018.

Jose has more than 16 years of financial experience having been CFO of Tubos Reunidos, a listed industrial company in Bilbao, and Executive Director of the Investment Banking Division of Goldman Sachs in London and Madrid. He has participated in numerous transactions, including bank and capital markets financings, financial restructurings and M&A transactions, as principal and advisor.

He started his career as an equity research analyst at Invercaixa in Madrid and also worked at the Investment Banking Division of Credit Suisse in London.

Jose has a degree in Civil Engineering, an MBA with honors from Wharton Business School and the CFA designation.

Francisco Ibáñez

Investment Director Real Estate

He joined Talde in 2019.

He has more than 15 years of experience in Real Estate and project entrepreneurship.

For four years, he was part of the Spain / Portugal team of Pramerica Real Estate Investors being responsible for transactions and asset management in both countries.

Founding partner of Colliers International Spain in 2006, participated in the advice of transactions in commercial and residential assets in Europe.

In 2013 he founded Domus Capital Partners, a company dedicated to advising, marketing and co-investment in real estate projects.

Throughout his career he has invested, co-invested, managed and advised on real estate assets in Spain, Portugal, France, Germany and the UK.

He has a degree in economic law from the University of Deusto and an MBA from the Instituto de Empresa.

Lucas Guinea

Investment Director Real Estate

He joined Talde in 2019.

He has more than 15 years of experience in the financial and industrial legal sector, as well as in project entrepreneurship.

Previously, he was part of the department of M&A and Corporate Finance at Cuatrecasas in Madrid, specializing in legal advice for the structuring and formalization of all types of financial operations, Real Estate and Structured Financing.

Later he became part of the Alluz Group as CEO.

He has been senior legal counsel in the energy department of Bird & Bird and is the founder of Powen where he joined the legal and executive management in 2016.

He holds a law degree from the University of Deusto, LL.M from the Georgetown University and the IESE Business Management Program (PADE) of Madrid.

Esteban Fradua

Investment Manager

He joined Talde in 2010.

Currently, he is a board member in Deltalab.

Prior to joining Talde, and for a period of three years, he was an Investment Executive at Corpfin Capital where he participated in several corporate acquisitions, management of portfolio companies and investor relations co-ordination.

He previously worked as an associate in the Corporate Finance division of KPMG where he performed valuations of companies in several mergers and acquisitions.

He began his career as an analyst in the corporate development department of Gamesa.

He has a degree in Economics and Business Administration from the University of Deusto and an MBA from the same university. Additionally, he has completed the Higher Program in Structured Finance and Private Equity at the IE Business School and he has received the Certificate in Corporate Governance from the Instituto de Consejeros-Administradores.

Asier Unda

Investment Manager

He joined Talde in 2021.

Currently, he is a board member in Bemed-Jemed

Former partner at Uplift, a company focused on advising on Corporate Finance and M&A, also taking part as an investor in deals, business development and portfolio management, accumulating 10 years of experience. He has also participated in 3 boards of directors.

Previously, he developed his career in the Corporate Finance division of Elkargi, Deloitte and EY where he carried out M&A operations, business valuation, business modeling, debt restructuring and assisting in due diligence processes. He began his career as an auditor at PwC.

He holds a degree in Business Administration and an MBA from the University of Deusto and a master's degree in Corporate Finance and Investment Banking from the IEB.

Aurkene Ziluaga

Investment Analyst

She joined Talde in 2005.

She previously worked in the Investment Funds Department of Banco Banif.

She has a degree in Economic and Business Administration from the University of the Basque Country, a master´s degree in the Stock Exchange from the Institute of Options & Futures, besides having qualifications from the EFPA (European Financial Planning Association) and she has obtained the Certificate in Corporate Governance from the Instituto de Consejeros- Administradores.

Irene Gutiérrez

Investment Analyst

She joined Talde in 2010.

Previously, she worked as an analyst at Najeti Capital where she analysed investments and monitored the investee portfolio, developing financial reporting and analysing their economic and financial situations.

She began her career in the Financial Services area at Accenture where she participated in several design and implementation projects.

She has an Engineering degree in Industrial Organization from Comillas Pontifical University and a MBA from the same university. Additionally, she completed the Higher Program in Structured Finance and Private Equity at the IE Business School and received the Certificate in Corporate Governance from the the Instituto de Consejeros- Administradores.

Laura Salcedo

Financial Director

She joined Talde in 2010.

Since then, she has developed her career in Talde. Initially, and for a period of four years, she was in the Investment analysis area, involved in preparing investment proposals, business valuation and control and monitoring of portfolio companies. Subsequently, and for four years, she has been in the financial department where she is responsible for Reporting and assisting in the coordination of tax and legal issues until assuming the position of Financial Director.

She has a degree in Economic and Business Administration from the University of the Basque Country.

Ibone Davila

Adjunta dirección financiera

She joined Talde in 2019.

She previously worked in the financial department at ITP, as well as in the administration and accounting area of Iberdrola, Engineering and Construction.

She began her professional career in Italy working at Microsoft and in AFI financial consulting. Later as administrative manager of Accenture and Project manager assistant at GAMESA.

She has a degree in Business Studies and a degree in Business Management from the University of the Basque Country.