ithaka partners

Ithaka has been actively investing and operating energy, infrastructure and water concession assets in Spain since 2014

TPG Sixth Street Partners completa la adquisición de Ferroatlántica, S.A.U.


Ithaka Partners S.L.
Calle Villanueva 31, 1º izquierda.
28001. Madrid


About Us

Ithaka is an investment firm comprised of seasoned executives of the utility sector with former experience acquired in UNION FENOSA and FCC.

Ithaka’s management team has significant experience in the infrastructure, water and energy sectors, with over 100 years of cumulative experience in all aspects of developing, managing, financing and acquiring projects in Spain and abroad.

Since February 2014 Ithaka has been actively investing and operating energy, infrastructure and water concession assets in Spain.

In May 2015 Ithaka partnered with TPG Sixth Street Partners, a global investment business with over $30 billion in assets under management.

Our utility long-term investment mindset, together with our managerial and operations capabilities make us unique in the infrastructure, energy and industrial space.



Our Team

The majority of the team comes from UNION FENOSA and FCC, having invested in infrastructure, water and energy projects for 15+ years.

The team partnered with TSSP in May 2015 to focus on infrastructure investments in Spain and other European markets.

Key management members of the Ithaka team are:

Mr. Alejandro Seco, Partner
Alejandro is former Director of FCC Renewable Division, where he led the growth of the Division between 2010 and 2014. Prior to FCC, Alejandro was the Investment Director at UNION FENOSA Power Generation Division and the Assistant Treasurer at UNION FENOSA.

Mrs. Esther Adroher, Partner
Esther is a Spanish Lawyer and English Qualified Solicitor who, after ten years of experience in different international law firms, joined FCC as manager of the Corporate Legal Department. Her expertise is M&A, finance and debt restructuring.

Mr. Hermenegildo Franco, Partner
Hermenegildo is former COO at Marubeni Europe and former COO of FCC’s Renewable Division. Additionally, Hermenegildo was country manager for UNION FENOSA in Australia.

Mr. Salvador Alonso, Investment Director
Prior to joining ithaka, Salvador worked at BBVA in New York where he was part of the Investment Banking team, mainly focusing on energy and infrastructure transactions. Salvador started his career working as a consultant at Deloitte.

Our advisory board is formed by:
Mr. Juan Luis Lopez Cardenete, former General Manager of UNION FENOSA.
Mr. Mariano Olmeda, Deputy General Manager at Banco Santander.
Mr. Jose Manuel Prieto, former Head of UNION FENOSA Internacional.



Contact Us

Send us your questions, suggestions or ideas and we will contact you as soon as possible

Ithaka Partners S.L.
Calle Villanueva 31, 1º izquierda.
28001. Madrid


Thank You

We will contact you as soon as possible


Ithaka Partners S.L.
Calle Villanueva 31, 1º izquierda.
28001. Madrid