A senior operations and M&A team ready to build platforms.

TERAS combines entrepreneurial and operating experience with technical capabilities in telecommunications, M&A, financing and infrastructure governance.

+200 Years of combined experience

Team

Miguel de Lucas

Managing Partner

Jorge Monforte

Managing Partner

Luis Sánchez Salmerón

Partner

Moisés Menéndez

Legal Counsel & Partner

Enrique Gurrea-Nozaleda

TMT Partner

Santiago Sánchez Echeberría

Strategy Director

Pablo Ávila

M&A Director

Gonzalo Huarte

Vice President

Gonzalo Ungría

M&A Investment Analyst

Ramiro Lafarga

Senior Advisor

Juan Miguel Custodio

Senior Advisor

Track record

A track record of creating, consolidating and growing platforms.

TERAS has consistently applied its origination and execution model, working alongside institutional partners across sectors and geographies.

  1. 2016

    AHIMAS

    Digital infrastructure / Telecommunications

    Spain · 2016–2019

    Partner

    TERAS management team

    TERAS's role

    Founder and operator; the origin of the consolidation model.

    Milestone

    Sale to MásMóvil in 2020.

  2. 2019

    Mundo Pacífico

    Digital infrastructure / Telecommunications

    Chile · 2019–2022

    Partner

    Linzor Capital, as majority shareholder

    TERAS's role

    Originator, co-leader and minority co-investor, with board representation.

    Milestone

    Sale to DigitalBridge in 2022.

  3. 2022

    Olin

    Digital infrastructure / Telecommunications

    Spain · Established in 2022

    Partner

    Asterion Industrial Partners

    TERAS's role

    Operating partner for the consolidation of the Spanish fiber market.

    Milestone

    1.8 million homes passed with FTTH.

  4. 2024

    Templus

    Digital infrastructure / Data centers

    Pan-European · Established in 2024

    Partner

    Intermediate Capital Group (ICG)

    TERAS's role

    Operating partner for the pan-European consolidation of data centers.

    Milestone

    17 data centers in 8 countries.

  5. 2025

    Stoneweg InfraSports / Gemswell

    InfraSports / Surf and sport

    Global · Established in 2025

    Partner

    Stoneweg

    TERAS's role

    Developer and operating partner throughout the entire life cycle of the parks.

    Milestone

    Construction of two parks in Madrid and Birmingham.

Our partners

Asterion Industrial Partners is an independent investment management company focused on European infrastructure. Teras participates in Asterion's second investment vehicle for rural fibre in Spain.

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One of the leading global investment firms in digital infrastructure. We are partners for investments in the Iberian Peninsula and Latam.

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Stoneweg is a real estate investment company that identifies real estate opportunities, structures investment products and manages dedicated mandates in Switzerland, Spain, Italy, Ireland, Andorra and the USA.

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ICG is a global alternative asset manager creating sustainable value by partnering with ambitious businesses. Its infrastructure division looks to acquire a diversified sustainable portfolio of Core-plus mid-market infrastructure assets.

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