Madrid, 5 October 2017 \u2013 GP Bullhound, the technology investment and advisory firm, today announces the opening of a new office in Spain, responding to a growing need for sophisticated technology advisory services in Europe\u2019s fifth largest economy.<\/p>\n
Per Roman, Managing Partner of GP Bullhound, comments: \u201cDuring the last few years, we have closely analysed the rapidly maturing Spanish technology ecosystem. Our conclusion is that Spain is one of the most attractive internet and technology ecosystems under development. We intend to invest both time and money in Spain, and the opening of our Madrid-office represents a significant milestone in our strategy of having local presence in the key technology hubs across Europe, the US, and Asia.\u201d<\/p>\n
GP Bullhound has already been active in Spain this year, having advised on the sale<\/a> of The Cocktail to Wunderman (part of WPP). In addition, the firm\u00b4s principal investment team has invested<\/a> in two fast-growing Spanish mobile internet companies, Wallapop and Jobandtalent.<\/p>\n Olof Rustner, Vice President of GP Bullhound and co-author of a new research report on Spain, commented: \u201cSpain has undergone tremendous change during the past ten years. The country has recovered from a financial crisis, and its government is making substantial investments in the domestic technology sector. Furthermore, Spain\u2019s population is a leading adopter of mobile and internet technologies, and an increasing number of graduates coming out of its top-tier universities have their eyes set on entrepreneurship.\u201d<\/p>\n