Francisco Caro joined MCH Private Equity (Madrid, Spain) in 2002 as an Investment Director in Fund II, and is one of the Partners in Fund III since 2008. Francisco has served as a Board Member of Alartec (security systems), Integral Press (newspaper printing); he is currently on the Boards of Talgo (train manufacturer), IQAP (masterbatch for the plastic industry). Prior to MCH, Francisco worked several years for McKinsey & Company in Madrid as Project Manager, serving clients in Spain, Latam and Europe. And prior to that, he worked as an engineer at Tecnical-Tecnicas Reunidas, and Cores (Spanish Strategic Petroleum Reserves Corporation). He holds a General Management degree (GMP) from Harvard Business School (2008), Business Administration degree from the MMBA program at McKinsey-Kellogg School of Management (1998) and graduated with a MSc. in Mining, Energy and Fuel Engineering from Universidad Politécnica de Madrid, Escuela Tecnica Superior de Ingenieros de Minas (ETSIMM) (1996).

Partner @ MCH Private Equity is a Spanish private equity Firm that advises MCH Iberian Capital Fund I, II and III, with total funds under management over 500 million Euros. The Firm comprises a team of professionals with recognized prestige and in-depth expertise of the industry, making it a leader in the Spanish mid-market firms. MCH is today one of the five largest, independent private equity groups in Spain. Since its founding, MCH has participated in over 30 venture capital deals (LBOs, Growth capital, etc.) in diverse economic sectors which includes specialized machinery and industries, services, consumer products and distribution, -to mention a few-, having developed important business projects in the past while having completed for many of the companies a complete investment and disinvestment process. The Firm is currently composed by five Partners and twelve professionals with ample experience careers in the field. From September 2002 to Present (13 years 4 months) Engagement Manager @ Strategic Consulting. Madrid Office. Banking, Retail, Telecom and Industry. From August 1998 to September 2002 (4 years 2 months) Engineer @ From January 1996 to August 1998 (2 years 8 months) Engineer @ From September 1994 to January 1996 (1 year 5 months)

GMP3, General Managmet Program @ Harvard Business School From 2007 to 2007 MMBA, McKinsey-Kellog Mini MBA Program @ Northwestern University - Kellogg School of Management From 1998 to 1998 Engineer, Mining, Energy and Fuel Engineer @ Universidad Politécnica de Madrid From 1990 to 1995