Javier de Rojas Roca de Togores
Managing Partner
Javier de Rojas Roca de Togores is Managing Partner of Maraz Corporate Finance, the firm he founded in 2013, advising Spanish middle-market and family businesses on sale and purchase processes, valuation, financial planning and corporate strategy. He holds a degree in Economics and Business Administration from the University of Alicante and an MBA from IE Business School. He has over 30 years of experience in financial management and corporate finance: he was CFO for Spain at SCR Sibelco, CFO of Grupo Jofel Industrial, and between 2017 and 2021 was Managing Director at Clairfield International, a global M&A advisory network. He previously worked as a financial controller in industrial groups and as an auditor at Grant Thornton. He authors the financial insight content on maraz.es and acts as an economic-financial expert witness.
LinkedIn
Education
Degree in Economics
Master's / postgraduate
MBA from Instituto de Empresa, Master's in Financial Auditing
Certifications
Expert in Business Valuation from IEB, Expert in Corporate Restructuring from IEB
Years of experience
34
Articles by Javier de Rojas Roca de Togores
Customer, product and range mix
Customer, product and range mix Two euros of sales do not create the same value In most mid-sized industrial and…
Why companies fail
Why companies fail Companies do not fail because they run out of cash: they run out of cash because their…
Family Protocol for the family business: What It Is, what to Include and mistakes to avoid
Family Protocol: A family protocol only protects the business if its key agreements (transfer of shares, valuation, liquidity, governance and…
Real Estate Development Financial Model: from land to developer loan and delivery
Real estate development financial model Why does real estate development need a different financial model? A developer does not sell…
How to Buy a Company in Spain: a Step-by-Step M&A Guide
How to Buy a Company: For many business owners and family groups, buying a company is the fastest route to…
Goodwill: what it is, how it is valued, when it is impaired and how it is taxed in Spain
Why goodwill matters When one company buys another, it almost never pays exactly what the balance sheet says: it pays…
