Jose Infiesta

José Manuel de la Infiesta is a co-founder and Founding Partner of Black Toro Capital (BTC), a Spanish special-situations investment firm he launched in 2011 alongside Ramón Betolaza. He brings over 20 years of international experience in financial and investment markets, concentrated in corporate finance; together, he and Betolaza are described as having more than 50 combined years of experience in "distressed-for-control" and activist special-situations investing globally. He began his career at Paine Webber (later acquired by UBS), where he built the firm's institutional coverage base in Spain. He is London-based (born March 1969, UK country of residence per UK Companies House records).

Black Toro Capital's strategy is to make "partnership and control" investments in liquidity-constrained mid-sized companies in Spain, providing flexible structured capital — debt and equity-linked instruments plus discounted securities purchases — to de-leverage, recapitalize, and stabilize their balance sheets. The firm raised a 2014-vintage first fund (Black Toro Capital Fund I) and later held a €235m final close on its second fund. Over the years de la Infiesta has served on the boards of BTC portfolio companies including Papeles El Carmen, Marypaz, ADL Bionatur Solutions, Muving (Muving Ecosystem) and Amichi; at ADL Bionatur he was appointed board secretary-director ("secretario consejero").

More recently, de la Infiesta has become a Partner at Impaqteq Fund, a pledge fund created and managed by MIT alumni that invests in MIT-originated deep-tech and sustainability startups and helps bring them to market and to Europe. This newer role — early-stage, technology-first investing — is what aligns with the "angel / seed" framing in the original stub data, whereas his Black Toro identity is squarely mid-market special-situations private equity.

One important caveat for anyone using the supplied contact details: the original firm domain, blacktorocapital.com, is no longer controlled by Black Toro Capital (it now resolves to unrelated content), so the "@blacktorocapital.com" email address should be treated as potentially stale. His most reliable current identifier is his LinkedIn profile.

• Special situations, control-oriented: At Black Toro he backs "partnership and control" deals — stepping into mid-sized Spanish companies that are fundamentally viable but liquidity-constrained or over-levered, then recapitalizing and operationally stabilizing them.
• Flexible capital across the structure: BTC invests throughout the capital structure using new capital injections, structured debt/equity-linked instruments, and discounted purchases of existing securities to de-leverage balance sheets.
• Mid-market sizing: Fund I targeted enterprise values of roughly €30m–€750m and revenues of ~€100m–€1bn, with individual checks typically in the ~€10m–€40m range across a concentrated portfolio (roughly 10–14 companies).
• Active board involvement: He personally takes board seats and governance roles at portfolio companies, consistent with a hands-on, control/activist style.
• Deep-tech / sustainability (newer thesis via Impaqteq): As an Impaqteq partner he invests in MIT-originated deep tech — fusion-adjacent and new-energy technologies, hydrogen, photovoltaic nanotech, solar-powered desalination, and impact biotech — with a mandate to help commercialize them and bring them to Europe.