Luis Reyes - Fire Protection Thesis in Spain - Ep.146

<p>My guest on this episode is Luis Reyes, managing partner at Iberian Ventures in Spain. Luis worked in strategy consulting before acquiring small companies in Spain in a similar vein as the search fund model through Iberian. We kick off by talking about the buyout market in Spain and what makes it particularly attractive. For example, all private companies in Spain have to file their financials with the government. As a result, the full financial picture of any company in Spain can be found and sorted.</p><p>We also spend a great deal of time talking about one of their core investment theses, the fire protection market, and why it’s an ideal market for consolidation.</p><p><span>Listen weekly and follow the show on </span><a href="https://podcasts.apple.com/us/podcast/think-like-an-owner/id1445929750" rel="nofollow">Apple Podcasts</a><span>, </span><a href="https://open.spotify.com/show/3Fbv9d4HpDwuO4MOPvgdvO?si=bfa67fb76c654755" rel="nofollow">Spotify</a><span>, </span><a href="https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5yZWRjaXJjbGUuY29tLzI1ODM4YjdlLTdlZTgtNGZjMC05ZjU0LTViNjJkZDNmZTBjNg" rel="nofollow">Google Podcasts</a><span>, </span><a href="https://www.stitcher.com/show/think-like-an-owner" rel="nofollow">Stitcher</a><span>, </span><a href="https://www.breaker.audio/think-like-an-owner" rel="nofollow">Breaker</a><span>, and </span><a href="https://tunein.com/podcasts/Business--Economics-Podcasts/Think-Like-An-Owner-p1180625/" rel="nofollow">TuneIn</a><span>. </span></p><p><strong><u>Links:</u></strong></p><p><a href="https://www.linkedin.com/in/luiz/" rel="nofollow">Luis on LinkedIn</a></p><p><a href="https://www.ibventur.es/" rel="nofollow">Iberian Ventures</a></p><p><strong><u>Topics:</u></strong></p><p>(3:42) - What is Spain like as a buyout market?</p><p>(9:05) - What are the regulations around requiring private companies to make their financials public?</p><p>(12:17) - Did you have any previous ties to Spain before deciding to plant roots there?</p><p>(13:52) - Was your previous career experi