Spanish transactional market experiences 1,65% year-on-year increase in number of operations until February

Monthly report on the Iberian transactional market

In February, 152 mergers and acquisitions were recorded for EUR 6.660m.

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El Spanish transactional market has registered in the first two months of the year 308 mergers and acquisitions, between announced and closed, for an aggregate amount of EUR 11.955m, according to the monthly report of Ttr. These figures represent an increase of 1,65% in the number of operations and 0,31% in their amount compared to the same period in 2016.

 

For its part, in February 2017 a total of 152 transactions were recorded, of which 58 recorded a combined amount of EUR 6.660m, which implies decreases of 11,63% in the number of operations and 21,98% in their amount, compared to February of last year.

 

In sectoral terms, the real estate is the most active of the month, with a total of 34 transactions, followed by technological, with 22, and the Internet, with 15.

 

Cross-border scope

 

As regards the cross-border market in 2017, Spanish companies have chosen as their main investment destinations Portugal, with 11 operations; to United States, with seven transactions; already Türkiye, Switzerland and Mexico, with three operations in each one. In terms of amount, Türkiye is the country in which Spain has made a larger disbursement, with an approximate value of EUR 859m.

 

On the other hand, United States (21) France (8) and United Kingdom (8) are the countries that have made the greatest number of investments in Spain. By amount it stands out United States, with a value of EUR 1.343,77m.

 

 

 

February registers 20 private equity operations and 28 venture capital operations

 

 

Private equity and venture capital

 

In February 2017, a total of 20 private equity operations were recorded for EUR 2.585,26m, which represents an increase of 25% in the number of operations and 89% in their amount compared to the same period of the year. former.

 

Meanwhile, in the venture capital market 28 transactions have been carried out with an aggregate amount of EUR 311,74m, which corresponds to an increase of 22% in the number of operations and 1.273% in their amount.

 

Capital market

 

In the Spanish capital market, three IPOs and five capital increases have been closed throughout the year.

 

Transaction of the month

 

In February 2017, TTR selected the acquisition of the Spanish company as a notable transaction SARquavitae by GeriaVi, a Spanish company controlled by PAI Partners, with an amount valued at EUR 550m. The operation has been advised on the legal side by Allen & Overy, Slaughter And May, Baker & McKenzie, Garrigues, Willkie Farr & Gallagher, and PwC Tax & Legal. And on the financial side, PJT Partners, Deloitte and BNP Paribas Corporate & Investment Banking have been advisors.

 

Interview with Clifford Chance

 

The partner of the law firm Clifford Chance, Javier Amantegui, commented for TTR on the Spanish transactional market: “Energy assets, and infrastructure assets in general, mature and stable, will attract investor appetite and provoke interesting and voluminous transactions.”