Why Impulsa Capital?

Knowledge and experience

We are a team of professionals with a proven track record and knowledge in investment banking and private equity. Our contact with investors is comprehensive and long-standing, which gives us the capacity to anticipate market trends.

Quality, efficiency and custom-tailored service

Impulsa Capital adapts to the circumstances of each client, offering high-quality and tailored made services which are provided diligently, efficiently and in a timely manner. We commit our resources to a limited number of projects, so we can provide a high-quality, high-added-value service.

International experience

We have extensive international experience, having lived and worked in London and New York. We have, furthermore, successfully executed many operations with international clients.

Confidentiality and discretion

We aspire to be the benchmark for clients seeking advisory services on strategies, contrasting opinions and evaluating the feasibility of their projects. Confidentiality, discretion and trust, together with the quality of service, are the principles that enable us to establish permanent, long-term relationships with our clients.


The partners at Impulsa Capital are also the managers. From this position of independence, we have access to all of the players on the market without restrictions, and our recommendations reflect our best, unbiased professional opinion.

Creativity and imagination

Impulsa Capital aims to grow with the success of its clients. To us, each project represents an opportunity to prove our skills and the differential added value that we can provide. We seek creative, innovative solutions that allow us to address the specific situation of each client and to be at the forefront of innovation in the Spanish private equity market.


Impulsa Capital was founded in 2002 by former JPMorgan investment bank executives.

Impulsa Capital was founded in 2002 to provide financial advisory services in the segment of private equity in the Spanish mid-market, a service that at that time was only available to large corporations.

In the early years, Impulsa Capital became the bridge between dynamic Catalan companies in need of funding and investment funds, mainly located in Madrid at that time. Over the years, the clients and investors, as well as the activities of Impulsa Capital, have evolved, though the original objectives of the company have remained in place.

Main milestones in the history of Impulsa Capital:


Execution of the first capital increase transaction


First capital commitment for a private equity fund


Execution of the first healthcare transaction


Execution of the first financial service sector transaction


We became Registered Advisor for BME Growth


Execution of the first e-commerce transaction


Opening of our Barcelona office


Execution of the first purchase of a productive unit transaction


First IPO on BME Growth, acting as Registered Advisor of the company


Registered Advisor of the first IPO on BME Growth involving the complete divestment of the financial investors


Registered Advisor of the largest IPO to that date


Execution of the first loan securitisation transaction


We became Listing Sponsor on Euronext Growth in Paris, executing our first transaction on that market


The Impulsa Capital team has comprehensive knowledge and experience in investment banking and private equity.

Xavier Tintoré Belil

Founding Partner

Born in Barcelona. He holds a degree in Civil Engineering and an MBA from IESE. He worked at JP Morgan from 1983 to 2001 in the investment banking area. He led the Financial Institutions and Insurance business unit in Spain during his last ten years with the firm.

Irene Hernández Álvarez

Founding Partner

Born in Madrid. She holds a degree, summa cum laude, from ICADE, and the National Second Prize in Economics. She worked at JP Morgan from 1987 to 2001 in investment banking in the equity capital markets department, initially focusing on Latin American companies, out of New York City, later leading this unit in Spain.

Montse Sanjaume Feixas

Managing Director

Born in Vic. She holds a degree in Business Administration and an MBA from ESADE. She worked at JP Morgan from 2000 to 2003 in M&A investment banking area, with a focus on Healthcare and Biotechnology sectors. She joined Impulsa Capital in 2003.

Ángel Ocón Crespo

Managing Director

Born in Valencia. He holds a degree in Business Administration from the University of Valencia and holds a Master’s degree in Advanced Finance from IE. He worked at KPMG in the Management Consulting division from 2010 to 2015, and joined Impulsa Capital in 2017 after completing his Master’s degree.

José Fernández de Bilbao Ortega

Managing Director

Born in Santiago de Compostela. He holds a degree in Law and Business Administration from Deusto University and an MBA from IESE. Associate lecturer on the Master’s degree in Finance of the Instituto de Empresa. He was responsible for the Financial Institutions and Public Sector area at HSBC for Spain and Portugal, and, previously, he worked at ABN Amro, JP Morgan and Goldman Sachs.

Eduardo Gómez-Acebo Gullón

Life Sciences Director

Born in Madrid. He holds a degree in Medicine and Surgery from the Complutense University of Madrid, and holds an MBA from IESE. He worked as a doctor from 1970 to 1981. He worked as General Manager of PharmaGen and Genómica, Board member of Neuropharma, Genómica and Sylentis, and was Scientific Advisor to Grupo Zeltia. Founder of several renewable energy and biotechnology companies.

Álvaro Climent Guimera

Director of Fund Raising

Born in Madrid. He holds a degree in Economic and Business Sciences from the CEU Luis Vives and the Autonomous University of Madrid. He worked for 33 years at several investment banks, including JP Morgan, BBVA, Ahorro Corporación and Bankinter, holding leading positions in the Equity departments.

Nieves Garcia Santos

Research and Publications Advisor

Born in Avila. She began her career as an economist in the Directorate of Operations, Markets and Payment Systems of the Bank of Spain. She worked at InterMoney Valores, S.V. as CEO, at J.P. Morgan as Chief Economist for Spain, and in A.B. Stock Market Advisors as Head of Economic Analysis. She was Director of Research and Statistics and Director of Investors for 18 years at the CNMV. For the last 3 years, she has been a member of the board of directors of Ocu Ediciones, S.A. Combining all this as a tenured teacher at the UCM for 38 years. She currently lectures at various business schools.