# Whitehole Investments

Whitehole Investments is a Private Equity based in Bilbao, Spain.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Bilbao, Spain
- **Region:** Europe
- **Address:** Bilbao, Spain
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** www.whitehole.es
- **LinkedIn:** https://www.linkedin.com/company/whitehole

## Regulatory record

- **Reports private funds:** No

## About

Whitehole is a Family Office de Inversión Directa (direct investment family office). It creates value by connecting people with resources to realize business opportunities that generate long-term positive impact on society. It projects the DNA of the industrial family business in the management of its investment portfolio and is a direct investment company with the values of the industrial family firm. It invests in niche-leading companies and is active in private equity.

## People

- Alejandro Ormazabal — CEO
- Mario Graf — Director de inversiones
- Unai López — Director de Administración y Operaciones
- Iñigo Ezquerra — CFO
- Juan Maortua — Director de inversiones

## Questions

### What types of deals does Whitehole Investments pursue?

Whitehole focuses on buyouts, management buy-ins, management buyouts, and expansion-stage investments. The firm targets Spanish mid-market companies, often family-held businesses where succession or growth capital creates a transaction opportunity. Its mandate covers both control acquisitions and late-stage minority or majority growth investments.

### Where does Whitehole Investments source its deals?

The firm's deal flow is concentrated in Spain, with particular emphasis on the Basque Country and surrounding regions. As a regionally focused investor, Whitehole relies on local business networks, advisory relationships, and family-owner contacts rather than broad-market auctions. This geographic concentration shapes both sourcing and post-investment operating strategy.

### Does Whitehole Investments participate in co-investments alongside other firms?

Whitehole's approach, centered on buyouts and management partnerships, is compatible with co-investment structures common in Spanish mid-market deals. However, specific co-investor relationships or club-deal participation are not publicly documented. Regional firms of this size frequently collaborate with other local investors, though Whitehole's solicited posture on external co-investment is not known.

## Related profiles

- [White Hill Capital](https://altss.com/profile/white-hill-capital)
- [White Lions](https://altss.com/profile/white-lions)

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Last updated: 2026-08-11T15:08:32.892Z

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