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Pablo Delclaux and José de la Campa, who first crossed paths in 2021 while pursuing their MBAs at the Massachusetts Institute of Technology’s Sloan School of Management, have joined forces to launch Third Square Capital. The SF aims to identify, acquire, and operate an established private company positioned at the intersection of the U.S. and Mexico, harnessing the significant cross-border economic tailwinds in the region.
They are backed by a group of prominent investors, including Spectra Investment, Kinderhook Partners, Moonbase Capital, The Operand Group, Cabiedes Inversiones, ONEtoONE Asset Management, the Ruiz family, Sentinel Capital, Scott Asen, Martell Capital, León Bartolomé, Alfonso Blohm, Scipio Holding, Novidam, Alejandro Renteria, and others.
Pablo began his career at Roland Berger in Spain, specializing in strategy consulting within the Industrials and Private Equity practices before pursuing his MBA at MIT. He subsequently joined LEK in the U.S., also working extensively for Private Equity clients. Pablo’s expertise spans M&A commercial due diligence, growth strategy development, and market analysis, equipping him with a nuanced ability to identify high-potential investment opportunities and drive post-acquisition value creation.
José began his entrepreneurial journey at 23 by acquiring Grupo Empresarial Bousi, an industrial laundry services company. After eight years of driving growth and operational efficiencies, he sold the business to market leader Lavartex. With a decade of hands-on leadership in operations, innovation, and team building, José has developed a reputation for delivering measurable results and scaling businesses effectively.
Third Square Capital is targeting companies with annual revenues exceeding $15M, and EBITDA margins of at least 20%. The fund’s unique focus lies in companies that can capitalize on cross-border synergies between the U.S. and Mexico, benefiting from nearshoring trends and regional economic integration. However, they do not plan to limit their search exclusively to these parameters.
“Our mission is to find a company at the nexus of the U.S. and Mexico that we can grow by harnessing the unique opportunities in this dynamic region,” said Pablo Delclaux. “Cross-border trade and nearshoring trends are creating unprecedented opportunities for businesses that operate on both sides of the border.”
By combining Pablo’s analytical and investment expertise with José’s operational and entrepreneurial track record, Third Square Capital is poised to bring a transformative approach to its future acquisition. The team’s complementary skill sets, deep understanding of cross-border markets, and a well-defined strategy position them as a formidable force in the SF community.
