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Founded by Miguel Paulo, entrepreneur, technologist, and operator, MMP Capital has a clear mission: to identify a hidden gem in Portugal’s industrial heartland, infuse it with operational excellence and technological innovation, and grow it into a national champion. Miguel has garnered the support of international investors, including Alex Tuya, Iniginy Capital, B&W Mittelstand, Turtle Capital, Cabiedes Inversiones, Tres Coronas Capital, Moonbase Capital, Scipio Holding, Secways, and Tobias Mohr, among others.
Miguel is a senior technology executive with over 15 years of experience leading large-scale IT, cloud, and digital transformation initiatives across global organizations. He has held executive leadership roles at multinational companies such as Siemens and Mantrac Group, directing complex IT and cybersecurity transformations across more than ten countries, managing budgets of up to $100M and teams exceeding 400 professionals. He has a proven track record of aligning technology strategy with business value, driving cost optimization, and enabling innovation through cloud platforms, integration architectures, and emerging technologies such as XR, AI, and the Industrial Metaverse. His expertise spans IT strategy, enterprise integration, cybersecurity, and operations, delivering measurable results in revenue growth, cost reduction, and organizational agility. Earlier in his career, he served as a Business Analyst at Banco de Portugal and Novo Banco.
Miguel focuses on identifying Portuguese SMEs with an EBITDA of €1–7M and an EV of approximately €10–50M, with at least 10 years of operating history, strong customer relationships, and recurring revenue streams. He is particularly interested in sectors where he has deep experience, including industrial distribution, technical maintenance (HVAC, electrical, refrigeration), building materials, specialized manufacturing, equipment services, and B2B technology.
Portugal has seen recently a growth in the SF model with 2 exits in 2025 and several new searchers starting (Pharus and Sobreiro Capital). One reason could be perhaps that the country has one of the highest numbers of SMEs per capita in Europe and yet remains structurally underrepresented in high-tech manufacturing and knowledge-intensive services, which account for only 21% of Portuguese SMEs. According to the Annual Report on European SMEs 2024/2025, published by the European Commission in May, these segments are also the most likely to generate scale-up companies, delivering the strongest impact in job creation, productivity growth, and the aggregation of highly skilled talent. Notably, they are also the most export-oriented, making them a key driver of sustainable growth and international competitiveness. This combination of fragmentation, succession dynamics, and untapped potential creates a fertile environment for disciplined operators to acquire well-run businesses and support their evolution into the next generation of Portuguese industrial and B2B champions.
