Iberian Market

Iberian Market - May 2018

May 2018

Pages: 54

Format: .PDF

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SPAIN

According to Transactional Track Record's Monthly M&A Report, in the first five months of 2018, the moved capital in Spain's M&A market is higher, for the first time of the year, to the one registered in the same period of 2017, though the number of transactions is still slightly lower. The report also provides updated data on different aspects and behaviors of the Spanish market: some particularly deep-rooted, such as the prevalence of real estate as the market with the most transactions, and the high degree of interaction with the US, the foreign country that invests the most in Spain and one of the main destinations for Spanish investment. As always, the report includes a breakdown of the data of the Private Equity and Venture Capital segments, and the TTR interview: in this occasion, to EY España Partner Juan López del Alcázar, who analyzes some key aspects of Spain's private equity market.

PORTUGAL

According to Transactional Track Record's Monthly M&A Report, the Portuguese mergers and acquisitions market in May retained the lower dynamism already registered in 1Q18. However, there was a considerable spike in the total deal value following the announcement of the PTO for EDP - Energias de Portugal. On the pages allocated to the cross-border sphere, the analyses correlating the foreign countries that invest in Portugal and the sub-sectors targeted by these investments reflect that Spain-based companies are still the ones making the most acquisitions of Portugal-based companies. Based on sector terms, the report shows the evolution in percentages, both of the number and value, of mergers and acquisitions involving the real estate sector, the most active of the last three years.