The Atelier of M&A

Where craft
meets
capital.

Senior-led advisory for businesses and shareholders navigating transformative transactions — from origination to close, in Europe, Latam and beyond.

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24+
Years in IB
€6Bn+
Deals advised
4
Continents
About

An independent advisory
for a new era of deals

Gladio Alpha Partners is an independent M&A and strategic advisory boutique. We exist because the best advice comes from senior practitioners — not from pyramids of analysts chasing league tables.

We work with founders, family businesses, private equity sponsors and corporates on their most consequential decisions: acquisitions, divestitures, capital structure, and strategic transformation. Every mandate is handled directly by our principal.

Our model is intentionally lean. No institutional conflicts. No junior teams left to manage the client. Deep sector knowledge, a broad cross-border network, and the kind of judgment that only comes from 24 years of doing this at the highest levels.

"To be culture and equity accretive"

01
Principal-led
The senior advisor who wins the mandate is the one who does the work. Full stop.
02
Conflict-free
Independence means our only interest is the optimal outcome for our client.
03
Cross-border by design
Genuine relationships across Europe, Asia, Latin America and the US — not referral networks.
04
Full spectrum
M&A execution, capital structure, board advisory and strategic consulting — from concept to close.
05
AI-augmented. Senior-delivered.
We leverage frontier AI to compress analytical grunt work — financial modelling, scenario analysis, due diligence synthesis — so every hour of our engagement is spent on strategic judgment, not spreadsheet mechanics. The model doesn't replace the advisor. It frees the advisor to focus on what matters: your outcome.
06
Where alpha is actually generated
The most value is created — and destroyed — when shareholder and management incentives diverge. We are specialists in navigating that tension: delivering results precisely when governance is complex, agency problems are real, and accountability is not evenly distributed. That misalignment is not an obstacle. It is where we operate.
Services

What we do

I
Mergers & Acquisitions
Origination, structuring and execution of domestic and cross-border transactions. Buy-side and sell-side. Mid-market to large-cap.
Sell-side processes & auctions
Buy-side origination & execution
Valuation & negotiation
Cross-border mandates
Special situations & distressed M&A
II
Capital & Debt Advisory
Optimising capital structures across the full financing spectrum — from syndicated bank debt to capital markets instruments.
Syndicated & bilateral loans
Acquisition & project finance
EMTN / Commercial paper
IPO, follow-ons & SPACs
Private placements
III
Strategic Advisory & Board
C-suite and board-level strategic counsel. From long-range corporate development to transformation mandates and governance.
Corporate development strategy
Business plan & value creation
Board member & NED mandates
Restructuring advisory
Family office & HNWI advisory

M&A advisory,
leveraged by AI

Traditional boutiques charge you for analyst hours. We don't have analysts — we have AI doing the analytical heavy lifting: financial models, comparable analysis, information memoranda, scenario stress-tests. Built in minutes, not weeks.

That compression of time and cost doesn't reduce quality. It redirects it. Every interaction with Gladio Alpha Partners is a conversation about strategy, positioning, and value creation — not about whether the model is updated.

10×
Faster analysis
100%
Senior focus
0
Analyst markup

Selected transactions

A selection of landmark deals across sectors and geographies, executed at the highest level of complexity and scale. All transactions represent direct advisory involvement by the principal.
€2.2Bn
Sell-side · Sale of majority stake to a Gulf sovereign strategic investor
Consumer & Luxury · Europe–MENA
€1.2Bn
Buy-side · Acquisition of a premium European consumer division on behalf of an Asian consortium
Consumer & Luxury · Europe–Asia
€573M
Sell-side · Divestiture of a 572MW renewable energy portfolio to a Chinese state-owned acquirer
Energy · Europe–China
€230M
Sell-side · Divestiture of a Spanish specialty pharma business to a European PE fund
Healthcare · Private Equity
€200M
Buy-side · Acquisition of a Spanish industrial chemicals platform by a Chinese strategic
Industrials · Europe–China
€135M
Sell-side · Divestiture of a food technology company to a Spanish private equity sponsor
Technology · Private Equity · Iberia
Undisclosed
Sell-side · Sale of majority stake in an industrial technology group to a strategic investor
Technology · Iberia
Undisclosed
Sell-side · Minority stake sale in a media & sports rights business to a growth investor
Media & Sports · SPAC · Cross-border
Undisclosed
Buy-side · Acquisition of a European infrastructure & construction group by a Chinese state-owned entity
Infrastructure · Europe–China
Undisclosed
Sell-side · Cross-border sale of a US regional bank to a European strategic acquirer
Financial Institutions · US–Europe
Team

The principal

Ignacio Luzarraga
Founder & Managing Director
Based
Madrid, Spain
Experience
24+ years in IB
Education
LBS (Sloan Fellow) · MIT/IESE · Harvard Business School · ICADE
Languages
Spanish · English
"Expert in unlocking shareholder value where shareholder and management interests are asymmetric, and governance–incentive structures are misaligned."
Profile

Over two decades of Investment Banking experience. Action-oriented professional with the ability to manage ambiguity and uncertainty in situations of change — to be culture and equity accretive.

Experienced in Chinese and US-style IBD institution matrix structures, with the ability to deliver the entire institution across both large and mid-size transactions. A balanced combination of origination and execution.

Right staggered seniority and age differential. Able to simplify complex topics into digestible pieces to facilitate analysis and understanding for medium-term decision-making.

Industry Expertise
Consumer Goods Construction Infrastructure Renewables Healthcare Tech-Enabled Services
Product Expertise
Strategy Corporate Development M&A Debt Equity CEO Board Member
Coverage

Sectors & Geographies

Technology
SaaS · Enterprise software · Digital infrastructure
Consumer & Luxury
Premium brands · Lifestyle · FMCG
Healthcare
Pharma · MedTech · Life sciences
Paper & Packaging
Industrial · Sustainable packaging
Spain & Portugal
United Kingdom
Continental Europe
Latin America
United States
China & Asia
MENA

Start a conversation

We engage with a small number of clients at any given time. If you are considering a significant transaction, a capital event, or a strategic inflection — we would be glad to speak.

Madrid, Spain · Operating globally