Spain: M&A/Private Equity

The proposed takeover of Banco Sabadell by BBVA has attracted significant attention and widespread media coverage, putting Spain's merger control regime under the spotlight.

En las últimas tres décadas, las fusiones y adquisiciones han aumentado notablemente, con un repunte significativo previsto para 2024. Sin embargo, la integración posterior a la fusión es crucial para el éxito. La planificación adecuada, la due diligence exhaustiva y la gestión eficiente de la integración y los contratos de servicios de transición (CTS) son esenciales para maximizar el valor de estas transacciones y evitar sinergias negativas y costos imprevistos.

It is essential to establish first if participating companies are under a control relationship and of the same corporate group

Greater economic stability, the offer of attractively priced assets, and a growing demand for direct lending means that private equity funds are increasingly targeting the Iberian market.

Private equity funds, sovereign funds and infrastructure funds fight for assets in Spain's finance, insurance, telecoms and real estate sectors

There are indications that Martín's leadership has played a fairly significant part in the firm's recent successes.

New data shows the likes of Deloitte, KPMG Abogados and PwC Legal are advising on more M&A deals and suggests auditing firms are winning instructions at expense of traditional market leaders.

M&A lawyers remain optimistic about deal flow as investor interest in Iberia remains strong with a number of M&A transactions having been completed in the industrial and chemicals sector.

Investors in Spain are targeting a broad range of sectors including consumer, finance, energy, retail and real estate