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Iberian Market - November 2013

November 2013
Iberian Market - November 2013
Pages: 16
Format: .PDF

In November, the Spanish M&A transactional activity improved, with 49 deals registered compared with 44 in the previous month. Moreover, the Spanish market registered the largest number of deals since July of this year. However, this figure was still inferior compared with the 79 deals registered in November 2012.

On the other hand, the investment volume increased both compared with October as well as with the same period in 2012. In November, the market generated EUR 1,91bn compared with EUR 1,82bn in October and EUR 1,17bn in November 2012.

Among the largest deals, excluding the private equity ones, highlights include Banca March's acquisition of a 95% stake in Inversis Banco, which it still did not yet hold. The deal value was EUR 217,40m.

Furthermore, Spanish concessionaire Abertis increased its stake in Hispasat, a satellite operator, attaining 57,07% of the capital. Abertis acquired, through its subsidiary Abertis Telecom, a 16,42% stake in Instituto Nacional de Técnica Aeroespacial (INTA), for EUR 172,50m.

In November, the Portuguese transactional market was fairly active, with a 20% increase in the number of deals registered compared with October. However, the investment volume decreased, generating approximately EUR 65m. In comparison with last year, the number of deals recorded was similar to that of November 2012. Whereas in previous months the financial sector was the most dynamic, in November the transactional activity was mostly concentrated in the technology and industry sectors. Highlights include the sale of Brazil-based Nelson Quintas Telecomunicações by Portuguese group Nelson Quintas to Brazil-based ITX Capital Participações. The deal value was EUR 62,06m. Furthermore, UK-based venture capital firm Octopus Investments and two business angels invested EUR 0,84m in Uniplaces, a Portugal-based startup that develops and manages an online platform for college housing. In addition, Vallis Capital Partners subscribed a capital increase in 32 Senses, a management company of dental clinics.

 Spain- Deal of the month - November 2013 - Campofrío

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Portugal - Deal of the month - November 2013 - Nelson Quintas Telecomunicações

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