Explorer Investments

Explorer Investments is a private equity and venture capital firm based in Lisbon, Portugal, established in 2003. It focuses on growth capital, buyouts, expansion and replacement capital in middle-market and mature companies, investing across various sectors excluding real estate and finance. The firm targets opportunities in Portugal, with occasional investments in Spain, and typically allocates equity of about 15 to 45 million euros, with debt capacity up to 150 million euros per company when appropriate, and potentially higher in co-investments. It takes at least one board seat to influence management and may pursue either majority or minority stakes depending on the level of decisive influence sought. Exits are typically planned within three to six years through the sale of the company to a strategic or financial investor. In addition to investments, Explorer offers real estate and tourism advisory services, leveraging its market experience in the Portuguese private equity landscape.