Unicorn Backer Iberis Expands Portugal Push With Porto Office

Iberis Capital, which manages more than €600 million ($701 million), is opening a Porto office as the Portuguese investment firm seeks deals in the country’s manufacturing-heavy north.

“A very important part of Portugal’s businesses are in the north,” David Pinheiro, one of the firm’s four partners, said in an interview. “We see potential in the north. We see very dynamic businesses.”