Publications

Thursday, 23 October, 2014
Iberian Market - First, Second & Third Quarter 2014

SPAIN
In the third quarter of 2014, the Spanish transactional market was particularly dynamic, both the number of deals registered and the investment volume were larger than in any of the previous quarters this year. On one hand, there were 304 deals recorded this quarter, both announced and closed, a 4,01% increase compared with the previous quarter. And on the other hand, the investment volume generated was EUR 31,31bn, mainly due to several deals with large values concluded this quarter. Highlights include the acquisition of Ono by UK-based Vodafone. The deal value was EUR 7,20bn.
Specifically, the number...

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Iberian Market - August 2014

SPAIN
The Spanish transactional market continues to be dynamic. In August, the investment volume generated in mergers and acquisitions was EUR 8.856m, which represents a 404% increase, compared with the same period last year. Several large-value transactions were registered this month. Highlights include the offer submitted by Telefónica to acquire Brazilian operator GVT, for EUR 7,45bn.
On the other hand, the number of deals decreased slightly this month, with 62 transactions recorded compared with 66 in August 2013.
So far this year, the investment volume generated was superior to the same period last...

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Iberian Market - July 2014

SPAIN
In July, the Spanish transactional market recorded the largest number of deals, so far this year, both announced and closed; with a total of 135 transactions that generated an investment volume of EUR 15.867m, also superior to the same period last year. The reason for this was the fact that eight deals were registered in the high-end market in deal size (>EUR 500m), out of 21 that were recorded throughout 2014 in this market. Highlights include the acquisition of Ono by British operator Vodafone, for approximately EUR 7.200m.
This month the most active sectors, in addition to the usual Internet and...

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Iberian Market - First & Second Quarter 2014

SPAIN
In the second quarter of 2014, the Spanish transactional activity increased, with 290 deals registered, both announced and closed, compared with 257 in the same period last year; this represents a 12% increase. On the other hand, and although the investment volume decreased with regards to the same period last year – EUR 19,19bn this quarter compared with EUR 19,52bn last year – a total of 11 deals were registered in the high-end market in deal size (>EUR 500m).
The technology and Internet subsectors continue to be the most active, with 82 and 72 deals registered respectively throughout...

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Iberian Market - May 2014

SPAIN
In May, the Spanish M&A market continued its dynamic activity with positive numbers, and registered a 40% increase compared with the same period last year. A total of 83 deals were registered, both announced and closed, compared with 59 in May 2013. Regarding the most relevant deals, highlights include the sale carried out by Repsol of a 11,86% stake in Argentina-based YPF to US-based Morgan Stanley, for EUR 901,34m.
The most active sectors this month were not only the technology and internet, but also the steel, metallurgy and industrial production and the financial and insurance subsectors, with a...

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Iberian Market - April 2014

SPAIN
In April, the Spanish transactional market continued the increasing trend set in previous months. In fact, a total of 87 deals were registered, both announced and closed, which represents a 16% increase compared with the same period last year. Furthermore, the investment volume was EUR 2,58bn, with several deals recorded in the high-end and middle market in deal size (>500m and >100m respectively). Highlights include the acquisition of Generandes Perú by Enersis Chile; Endesa's Chilean subsidiary. The deal value was EUR 298,19m.
On the other hand, the private equity sector registered important deals...

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