Publications
Iberian Market - April 2013
April 2013
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The Spanish transactional market has been slightly more active in April than in previous months, both in number of deals as well as volume invested. Furthermore, we registered one private equity investment in the high-end market. This is significant, taking into account that in 2012 only two deals were registered throughout the whole year, in this segment. UK-based Triton Partners acquired Befesa Medio Ambiente, for EUR 1.075m, with which the private equity fund enters the Spanish market. Spain-based Abengoa carried out this divestment as part of its strategy to reduce debt and focus on its core business. Similarly to previous months, the cross-border deals were highly relevant. In fact, the five largest deals in April had a cross-border component, mainly involving Latin America. The most active subsector was the financial and insurance. Highlights include BBVA's sale of Colombia-based AFP Horizonted to AFP Porvenir, for USD 530m.
Spain- Deal of the month - April 2013 - Befesa Medio Ambiente
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Portugal - Deal of the month - April 2013 - Mecwide
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