COFIDES

Overview

COFIDES is a state-owned enterprise specializing in managing state funds to provide medium and long-term financing for private investments aligned with public policy objectives. Established in 1988, it has been instrumental in supporting the internationalization of Spanish companies by approving over 1,200 projects in 100 countries, committing more than €4.7 billion. The company's ownership structure includes the Spanish State (53%) and private entities such as Banco Santander, BBVA, Banco Sabadell, and the Development Bank of Latin America (CAF). The company's investment strategy focuses on sectors such as technology, healthcare, energy, infrastructure, and financial services, targeting various stages of investment from seed to buyout. COFIDES operates primarily in Spain and Latin American countries, including Argentina, Brazil, Chile, Colombia, Mexico, Peru, Ecuador, Bolivia, Paraguay, Uruguay, Venezuela, Costa Rica, Panama, Guatemala, Honduras, El Salvador, Nicaragua, Cuba, and the Dominican Republic. Its investments aim to foster sustainable development and economic growth in these regions. COFIDES has been ISO 9001 certified since 2005 for all its activities related to customer service quality. It is also an active member of the Spanish Global Compact Network, demonstrating its commitment to responsible business practices and sustainable development. The company's track record reflects a strong commitment to supporting Spanish companies in their international ventures, contributing to job creation and economic development both domestically and in the countries where it invests.

Investment Focus

• Projects must be aligned with public policy objectives
• Focus on sustainable development
• Preference for investments in Spanish companies expanding abroad

Portfolio Companies